By Tom Hals
WILMINGTON, Delaware (Reuters) - A Delaware judge said on Thursday he was leaning toward siding with a United Auto Workers trust in a dispute with Fiat SpA over the sale of a stake of car maker Chrysler Group LLC.
Fiat has a call option to buy from the trust a 3.3 percent stake in Chrysler and has offered to pay $139.7 million. The UAW trust has said in papers filed with Delaware's Court of Chancery that the stake is worth at least $342 million because Fiat has improperly accounted for debt of Chrysler.
"I'm kind of leaning in his direction," judge Donald Parsons said on Thursday, indicating he favored the argument of trust attorney Robert Hirth of Sidley Austin.
The hearing was still underway on Thursday morning, and the issue of accounting for the Chrysler debt was one of three main disputes regarding the stake sale.
(Reporting By Tom Hals; Editing by Chris Reese)
Clinton aide at State tracked her Benghazi statements for her
NRA Thanks Obama For Signing Pro-Gun Legislation - Bearing Arms - Barack Obama, National Defense Authorization Act
Mark Nuckols - Now Is The Time To Buy Russian Stocks
George Soros: Top 10 Reasons He Is Dangerous | Human Events
WaPo: Let’s hold free speech guilty for the acts of a lunatic, shall we?
The One Big Reason Why the West Can't Defeat ISIS | RedState
State Department: Iran Never Signed Nuclear Deal, Which Isn't 'Legally Binding'