Delphi Investors Allege Fraud, Want Deloitte Out

Law360, New York (January 6, 2006, 12:00 AM EST) -- Shareholders of struggling auto parts maker Delphi Corp. are demanding that the company fire accounting firm Deloitte & Touche for past accounting irregularities.

A judge has authorized a deposition to investigate the investors’ claims.

Although he granted the shareholders’ request for an investigation into their complaint, Judge Robert Drain denied a shareholder motion to turn over documents regarding past Deloitte audits of the company.

“I believe the plaintiffs do have the right to some additional discovery,” the judge said in his ruling. “But the extensive discovery...
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