Delphi can proceed with Appaloosa suit-judge


NEW YORK, July 28 (Reuters) - Delphi Corp. can proceed with a suit against hedge fund Appaloosa Management LP for withdrawing from a plan to invest in the auto parts maker, a U.S. bankruptcy court judge ruled on Monday. Appaloosa and other investors pulled out of a plan to invest $2.55 billion in Delphi in April. Delphi sued the Appaloosa-led investor group in May in an attempt to win a court order requiring the group to provide $2.55 billion in equity or damages. Appaloosa asked U.S. ...

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