Delphi Hit By Avalanche Of Objections

Law360, New York (January 10, 2008, 12:00 AM EST) -- As Delphi Corp. tries to claw its way out of bankruptcy, new objections to the auto supplier's proposed reorganization plan have cropped up, suggesting that the company may be in for a long and hard confirmation battle.

Comerica Leasing Corp. and nearly a dozen others lodged their protests Wednesday to Delphi’s first amended Chapter 11 plan in the U.S. Bankruptcy Court for the Southern District of New York, as disputes over equipment purchases, leasing arrangements and other issues persist.

“Debtors’ proposed treatment of Comerica with respect...
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