NEW YORK - A U.S. bankruptcy judge granted a motion yesterday by one of Delphi Corp.'s largest shareholders to create a committee to represent stock owners' interests in the auto parts maker's reorganization.
Appaloosa Management LLC, a hedge fund headed by David Tepper that holds 9.3 percent of Delphi shares, sought the committee, arguing that Delphi overstated liabilities when it filed for bankruptcy last October.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.