Tower Wants Stay In Delphi's Ch. 11

Law360, New York (January 22, 2007, 12:00 AM EST) -- Bankrupt Tower Automotive Inc. on Monday asked the bankruptcy court to lift the automatic stay against filing claims in the Chapter 11 case of auto parts maker Delphi Automotive Systems LLC, claiming it needs more time to file a claim.

Tower and some of its subsidiaries requested relief from the stay so that they can file preferential transfer claims against Delphi. The two companies have been disputing whether Tower, also an auto parts supplier, has the right to submit a claim in Delphi’s bankruptcy.

Tower filed...
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