No New Trial For Delphi Exec In $237M Fraud Case

Law360, New York (August 9, 2011, 10:17 PM EDT) -- Former Delphi Corp. executive Paul Free on Tuesday lost a bid for a new trial in the U.S. Securities and Exchange Commission's suit against the Michigan-based automotive company for allegedly mischaracterizing $237 million in warranty claims on its income statements.

U.S. District Judge Avern Cohn denied Free's renewed motion for judgment as a matter of law or alternatively for a new trial in which Free asked the court to look at each piece of evidence against him individually, rather than as a whole, according to the...
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