Delphi Workers, Retirees Sue Over Pension Threats

Law360, New York (July 17, 2009, 5:42 PM EDT) -- As a hearing for the proposed sale of the bulk of bankrupt Delphi Corp.'s assets quickly approaches, the auto parts supplier has been sued by a pension plan for salaried workers over an alleged conflict of interest because the plan's administrators are also Delphi executives.

The Delphi Salaried Retiree Association filed its complaint Thursday in the U.S. District Court for the Eastern District of Michigan, challenging Delphi's recent announcement that it was seeking to terminate the pension plan for its salaried employees and transfer it to...
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