Delphi Plan "Not Fundamentally Fair": UAW

Law360, New York (December 18, 2007, 12:00 AM EST) -- The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America has lodged a preliminary objection to the management compensation plan set forth in Delphi Corp.'s reorganization plan, calling the compensation scheme unfair to UAW-represented workers.

The UAW filed the objection on Monday, in the U.S. District Court for the Southern District of New York, to get Delphi to deal with the union's discovery requests with respect to the management compensation plan, referred to in the objection as the “MCP.”

On Dec. 14, the UAW...
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.