Highland Capital seeks to block Delphi loan

Newswire

Aug 22 (Reuters) - Highland Capital Management LP is trying to prevent Delphi Corp from borrowing an additional $300 million from former parent General Motors Corp , court documents showed. In court papers filed with the U.S. Bankruptcy Court in Manhattan on Wednesday, Highland Capital said Delphi's North American operations "continue to lose staggering sums of money, and drag down the rest of the business." Highland Capital, a Delphi bondholder, said recoveries for unsecured creditors ...

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