GMIMCo Tries To Swat Down Delphi 401(k) Case

Law360, New York (June 26, 2007, 12:00 AM EDT) -- General Motors Investment Management Co. and State Street Bank & Trust Co. defended their 401(k) management Monday when they asked a federal court to dismiss a proposed class action lawsuit a Delphi Corp. employee filed against them for allegedly reckless investing.

Brian McTigue, lead plaintiffs' attorney, said he believed his clients would prevail and that the defendants' requests would be denied.

Filed April 12 in the southern district of New York by Delphi employee Mary Brewer, the suit accuses GMIMCo., which served as the fiduciary for...
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