Delphi, Pension Funds At War Over Exec Subpoenas

Law360, New York (January 12, 2006, 12:00 AM EST) -- Auto parts maker Delphi Corp. has lashed out at a group of pension funds who have subpoenaed four former Delphi executives in the company’s pending bankruptcy case. The funds have asked that the officials discuss the alleged accounting fraud that crippled the company.

Delphi claims that the allegations of fraud, which are the subject of a securities class action lawsuit, are not relative to bankruptcy proceedings.

The subpoenas have been issued for a bankruptcy hearing that will determine Delphi’s executive compensation plan after the company emerges...
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