Delphi Asks Court to Deny Bid For Shareholder Panel
Delphi, which filed for Chapter 11 protection on Oct. 8, 2005, noted in court documents that hedge fund Appaloosa Management L.P. did not succeed in demonstrating the company’s solvency.
In its regulatory filing Tuesday, Delphi lost $121 million on sales of $1.47 billion in January.
Delphi, an auto-parts manufacturer based in Troy, Mich., said its financial documents, which show a...
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