Delphi, Appaloosa-led investor group settle suit-sources

Newswire

NEW YORK, Oct 29 (Reuters) - Delphi, the auto-parts maker that emerged from a four-year bankruptcy earlier this month, has settled a lawsuit with a group of investors led by hedge fund Appaloosa Management, according to sources familiar with the situation. The group backed out of a $2.5 billion financing deal in 2008 that would have brought Delphi out of bankruptcy, and Delphi subsequently filed suit against them. The sources said the settlement had taken part in the past week and that ...

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