Delphi Files Long-Awaited Ch. 11 Plan

Law360, New York (September 7, 2007, 12:00 AM EDT) -- Delphi Corp. on Thursday filed its long-awaited proposed reorganization plan and disclosure statement, detailing new arrangements with a variety of stakeholders at the center of the auto maker's contentious Chapter 11 case, including distributions of $24.5 million for the ERISA plan class and $204 million for the debt securities class and the common stock securities class.

A hearing on the proposed reorganization plan is set for Oct. 3. Objections to the plan are due by Sept. 28.

Delphi's comprehensive settlement with General Motors, its former parent...
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