Ex-Delphi CEO Fails To Avoid Jury Trial In SEC Case

Law360, New York (October 30, 2009, 3:02 PM EDT) -- Accused by federal regulators of falsifying Delphi Corp.’s financial records, the bankrupt auto parts supplier's former CEO J.T. Battenberg III has failed to prevent a jury from deciding his fate at trial.

On Thursday, Judge Avern Cohn of the U.S. District Court for the Eastern District of Michigan rejected Battenberg’s arguments against holding a jury trial, finding that the U.S. Securities and Exchange Commission did not wait too long to request one.

Even though the SEC made its jury demand roughly two years after filing suit...
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