Geithner Dodges Delphi Retirees' Claims In Pension Suit

Law360, New York (September 6, 2011, 9:56 PM EDT) -- A Michigan federal judge on Friday dismissed claims that U.S. Treasury Secretary Timothy Geithner and federal automotive advisers had denied retired automotive employees benefits for political reasons when they rehashed part of Delphi Automotive PLC's pension plan following the 2008 auto industry bailout.

The Delphi Salaried Retiree Association, a nonprofit, nonunionized group, sued Geithner, his Lead Auto Industry Adviser Steven Rattner and Senior Auto Industry Adviser Ron Bloom in August 2010. The retirees claimed the officials violated their First and Fifth Amendment rights in recommending to...
To view the full article, register now.