Law360 (October 8, 2008, 12:00 AM EDT) -- A bankruptcy judge has reportedly indicated that he may allow auto parts maker Delphi Corp. to reinstate the fraud claim against Appaloosa Management LP that he dismissed earlier this year.
Delphi has been pursuing a lawsuit against a group of investors led by Appaloosa for pulling out of a $2.55 billion investment deal with Delphi in April that effectively derailed the company's emergence from Chapter 11.
In July, the court allowed the adversary case to proceed but dismissed a fraud claim.
At a hearing Wednesday, Judge...
Judge To Review Nixed Delphi Fraud Claim
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