Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : GM - General Motors -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (361)	7/28/2006 10:17:32 AM
From: RealMuLan	Respond to of 543

Delphi creditors aim to use SEC probe data in GM suit July 28, 2006 - 7:13AM NEW YORK (Dow Jones/AP) - Delphi's creditors are considering a billion-dollar lawsuit against General Motors and several former Delphi executives. The creditors say they plan to use confidential information obtained from a Securities and Exchange Commission investigation to prepare for legal action. The creditors are asking a federal bankruptcy judge in New York for permission to sue GM, which spun off its parts-making operations in 1999 to create Delphi. They say Delphi sustained billions of dollars in damages in the spin-off. Delphi now is in Chapter Eleven bankruptcy proceedings. A spokeswoman says Delphi opposes such a suit. wwmt.com