Judge Blesses Delphi Securities Settlements

Law360, New York (August 20, 2007, 12:00 AM EDT) -- A federal judge overseeing the multidistrict securities dispute between bankrupt auto parts maker Delphi Corp. and its shareholders has approved settlements recommended by a court-appointed special master, leaving only a few defendants remaining in the case.

On Friday, Judge Gerald Rosen of the U.S. District Court for the Eastern District of Michigan approved the settlements reached between the shareholders and many parties under the guidance of special master Layn R. Phillips. Now only five defendants remain: consulting firm BBK Inc., Deloitte & Touche LLP, JPMorgan Chase...
To view the full article, register now.