Old Carco LLC (f/k/a Chrysler LLC) Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 5, 2014, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Old Carco LLC (f/k/a Chrysler LLC) and its affiliates.

The filing was assigned docket number 8342 and is described on the court’s official docket as follows:

Order of U.S. District Court Judge Jesse M. Furman signed on 12/1/2014 re: [8286]. For the reasons stated above, the Bankruptcy Courts Order denying New Chryslers motion to enforce the Sale Order is VACATED and the matter is REMANDED to the Bankruptcy Court for further proceedings consistent with this Memorandum Opinion and Order.4 The Clerk of Court is directed to terminate Docket No. 5 and to close this appeal. (tro)

Old Carco LLC (f/k/a Chrysler LLC) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 30, 2009. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 09-50002. The bankruptcy case is currently assigned to United States Bankruptcy Judge Arthur Gonzalez. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Old Carco LLC (f/k/a Chrysler LLC) in the bankruptcy case.


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