Delphi hearing postponed - WSJ

Newswire

NEW YORK, Dec 26 (Reuters) - A key hearing in the Delphi Corp. bankruptcy case has been postponed, allowing more time for critics to compose arguments against the company's proposed $3.4 billion bankruptcy-emergence deal with a group of investors led by Appaloosa Management, the Wall Street Journal reported on its Web site on Tuesday. Bankruptcy Judge Robert Drain changed the hearing date to Jan. 11 from Jan. 5, following an alternative funding plan proposed Thursday by hedge fund Highland ...

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