Visteon Settles Retiree Spat With Union For $11.5M

Law360, New York (September 17, 2010, 1:29 PM EDT) -- A federal judge has approved an $11.5 million settlement between Visteon Corp. and the IUE-CWA over retiree health benefits, while the United Auto Workers union and other retirees are still pressing for the bankrupt auto parts maker to make good on its pledge to restore the benefits.

Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware signed off on the settlement Thursday, closing the book on at least one front in a legal battle that has raged in multiple jurisdictions and through...
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