6th Circ. OKs Verdict Against Ex-Delphi Exec In Fraud Case

Law360, New York (December 20, 2012, 5:40 PM EST) -- The Sixth Circuit on Tuesday affirmed a district court jury verdict finding former Delphi Corp. executive Paul Free liable for fraud and bookkeeping errors in the Securities and Exchange Commission's suit against the Michigan-based automotive company for allegedly mischaracterizing hundreds of millions of dollars in warranty claims and sales transactions.

A three judge panel ruled in an unpublished opinion that U.S. District Judge Avern Cohn did not abuse his discretion in refusing to overturn a jury verdict finding Free knowingly committed accounting errors regarding transactions with...
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