We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

GM Seeks To Block Delphi's Contract Shedding

Law360 (April 12, 2006, 12:00 AM EDT) -- Struggling General Motors Corp. is attempting to thwart Delphi Corp.'s bid to scrap over 5,000 supply contracts for the world's biggest automaker, expressing doubt over the bankrupt auto supplier’s “business judgment.”

GM filed a motion in U.S. Bankruptcy Court in Manhattan on Wednesday asking the court to refuse Delphi’s request to scuttle the GM contracts--at least temporarily.

In March, Delphi filed a motion that, if granted, would void half its contracts with GM, something that could mean more financial stress to the beleagured car maker....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.