June 8 (Bloomberg) -- The U.S. Supreme Court stayed the asset sale Chrysler LLC planned to make as soon as 4 p.m. New York time today to a group led by Fiat SpA, said a lawyer for creditors challenging the transaction.

The court was reviewing a decision by a bankruptcy judge and a federal appeals court. It made its decision known before that, said Thomas Lauria, a lawyer for some pension funds who filed the appeal.

Last Updated: June 8, 2009 16:01 EDT