Delphi, Appaloosa Settle Dispute Over Failed Deal

Law360, New York (October 29, 2009, 7:03 PM EDT) -- Delphi Corp. has settled a dispute with Appaloosa Management LP over the hedge fund's decision to pull out of a $2.55 billion financing deal that derailed the auto parts supplier's emergence from bankruptcy in 2008.

Delphi reached a settlement that will include a payment from the investor group, sources familiar with the agreement said Thursday, according to Reuters.

Delphi spokeswoman Lindsey Williams confirmed that a settlement between the two parties had been reached but said the company was not providing details.

Delphi's suit also targeted Goldman...
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