Judge OKs $200M Delphi-GM Warranty Claims Deal

Law360, New York (September 27, 2007, 12:00 AM EDT) -- A federal judge has reportedly given the green light to a $200 million settlement that will lay to rest a long-running dispute between Delphi Corp. and General Motors Corp., its former parent and largest customer, over warranties for parts the bankrupt auto parts maker supplied to GM.

Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York signed off on the deal on Thursday, saying the settlement was “fair and reasonable” and in the best interest of the debtor, Dow Jones...
To view the full article, register now.