We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Court Gives Nod To Delphi, Appaloosa Deal

Law360 (December 11, 2007, 12:00 AM EST) -- Bankrupt auto parts maker Delphi Corp. has emergence from Chapter 11 bankruptcy protection well within its sights, after a judge approved the amended equity purchase plan the company hammered out with a group of hedge funds and the company submitted a newly amended reorganization plan and disclosure statement.

In a ruling handed down on Dec. 10, Judge Robert Drain of the U.S. Bankruptcy Court for the Southern District of New York granted Delphi's request for approval of the $2.55 billion funding agreement that will propel the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.