Delphi, DOL Call Truce In ERISA Spat

Law360, New York (March 28, 2008, 12:00 AM EDT) -- Formerly at odds, Delphi Corp. and the U.S. Department of Labor have reached a compromise in an earlier dispute over the agency's attempt to proceed with a claim in the auto supplier's bankruptcy case arising out of purported violations of the Employee Retirement Income Security Act.

On Thursday, U.S. Bankruptcy Judge Robert Drain signed off on the pact, which is part of a larger ERISA stipulation agreement tentatively reached by Delphi and various warring parties a few months ago.

“Whereas, pursuant to the settlement agreement, ASEC,...
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