I only wish they could have spent millions of their own money and then lose badly in court but this is still good. Hopefully they considered themselves lucky to get a penny but somehow I doubt it. At least their fake outrage is over.
The dissolution of the group—at least on an official basis—clears away the largest obstacle standing in the way of Chrysler's plans to sell the bulk of its assets of Italy's Fiat Group SpA and could pave the way for the quick exit from bankruptcy protection that the automaker and the federal government desire.Of course they're still going to whine a bit more but it's all posturing at this point to try and save face with the rest of the bullies on Wall Street.
Geoffrey Gwin, principal of the Group G Capital Partners LLC hedge funds, said that after weighing the obstacles ahead and along with the opposition they had faced before, the group's five remaining members realized that they couldn't mount an effective legal challenge.
