[CaptainK]

per the Kudlow report : The full Supreme court decided they litigants didn't reach the legal threshold to be reviewed by the court and therefore block the sale.

[Lou Budvis]

The Court did not say that the secured bond holders did not have any rights. It did not rule on the merits of that argument. The basis for the ruling was that the bond-holders did not show irreparable harm by letting the sale to Fiat take place.

Perhaps the court thought that in the end it could award the UAW shares to the bondholders. If this is a possible remedy, or if there is another remedy which makes the bondholders whole, then the lifting of they stay does not have that great an import.

[Churchillspirit]

Same argument they use in cases involving The Kenyan's COLB.