Judge grants bid for Delphi stockholder committee

Newswire

NEW YORK, March 22 (Reuters) - A U.S. bankruptcy judge on Wednesday granted a motion by one of auto parts maker Delphi Corp.'s largest shareholders to create a committee to represent the interests of stock owners in its reorganization. Appaloosa Management LLC, a hedge fund headed by David Tepper that holds 9.3 percent of Delphi shares, sought the separate committee, arguing that Delphi overstated liabilities when it filed for bankruptcy last October.

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