Delphi's Proposed Sale Plan Sparks Lenders' Ire

By Ben James (June 24, 2009, 12:00 AM EDT) -- Delphi Corp.'s plan to bring its long-running bankruptcy to a close, which involves selling assets to a private equity firm and former parent General Motors Corp., has drawn opposition from lenders who claim Delphi shirked its fiduciary and contractual obligations by agreeing to the "secretly negotiated" sale transaction....

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