Delphi Asks To Extend Pension-Funding Waiver

Law360, New York (February 26, 2008, 12:00 AM EST) -- Delphi Corp. has entered into an agreement with the Pension Benefit Guaranty Corp. to extend a waiver related to the minimum funding provisions for its pension plans as it continues to fine-tune its Chapter 11 exit plan.

The Troy, Mich.-based auto parts supplier submitted a motion to the U.S. Bankruptcy Court for the Southern District of New York on Monday that seeks to push back the expiration date on the plan-funding waiver from Friday to the end of March.

Delphi is moving forward in its bankruptcy...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.