Delphi Retirees Focus Pension Fight On PBGC Suit

Law360, New York (July 27, 2009, 6:22 PM EDT) -- A group of retirees from bankrupt auto parts supplier Delphi Corp. has dropped a lawsuit over alleged conflicts in the company's plan to terminate an employee pension plan, instead seeking permission to intervene in a similar suit filed by the Pension Benefit Guaranty Corp. over the fund.

The Delphi Salaried Retiree Association announced Friday that it had won preliminary approval from Judge Robert Drain in the U.S. Bankruptcy Court for the Southern District of New York to intervene in Delphi's Chapter 11 case, and said it...
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