Judge Blesses Delphi Securities Settlements

Law360, New York (August 20, 2007, 12:00 AM EDT) -- A federal judge overseeing the multidistrict securities dispute between bankrupt auto parts maker Delphi Corp. and its shareholders has approved settlements recommended by a court-appointed special master, leaving only a few defendants remaining in the case.

On Friday, Judge Gerald Rosen of the U.S. District Court for the Eastern District of Michigan approved the settlements reached between the shareholders and many parties under the guidance of special master Layn R. Phillips. Now only five defendants remain: consulting firm BBK Inc., Deloitte & Touche LLP, JPMorgan Chase...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.