Bankruptcy judge approves Delphi SEC settlement

Newswire

NEW YORK, Nov 30 (Reuters) - A bankruptcy judge approved auto parts maker Delphi Corp.'s settlement with the U.S. Securities and Exchange Commission on Thursday involving civil fraud charges that stemmed from years of accounting improprieties. The settlement with regulators was clearly in Delphi's best interest and was fair to Delphi shareholders, Judge Robert Drain found after a hearing in the U.S. Bankruptcy Court for the Southern District of New York. The SEC in October alleged that ...

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