GM Will Take Part In Delphi's Appaloosa Suit

Law360, New York (August 4, 2008, 12:00 AM EDT) -- General Motors Corp. won the right on Thursday to participate in Delphi Corp.'s lawsuit against Appaloosa Management LP and other investors that pulled out of a $2.55 billion investment deal with Delphi, derailing its emergence from Chapter 11 in April.

Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York ruled that because GM was a party to the restructuring and investment plan, it had the right to read any and all business documents shared during pretrial discovery and to...
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