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Delphi Judge Issues Amended Ruling In Stay Dispute

Law360 (May 24, 2007, 12:00 AM EDT) -- Three weeks after denying Wachovia Bank NA’s request to lift the stay in Delphi Corp.’s bankruptcy case in order to pursue a breach of contract suit against a Delphi employee, Judge Robert Drain on Tuesday filed an amended bench ruling reasserting his opinion.

Judge Drain of the U.S. Bankruptcy Court for the Southern District of New York reaffirmed that Delphi’s stay extended to its employee Larry Graves, protecting him against a suit filed by Wachovia in Mississippi state court. Judge Drain also refused to lift the...
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