Sunday, May 01, 2016
Current Weather
Loading Current Weather....
Published: Thursday, 3/23/2006

Shareholder panel OK'd in Delphi bankruptcy

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.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest