Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for Delphi Corp. > News item |
General Motors asks to be appointed to Delphi's unsecured creditors committee
By Caroline Salls
Pittsburgh, Feb. 21 - General Motors Corp. asked the bankruptcy court to order the U.S. Trustee for Delphi Corp. to appoint GM to Delphi's official committee of unsecured creditors, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.
GM said that when Delphi's U.S. Trustee originally solicited requests to serve on the committee, GM, the United Auto Workers and the Pension Benefit Guaranty Corp. expressed interest in serving on the committee, but were not appointed.
Since then, the United Auto Workers and the Pension Benefit Guaranty Corp. have subsequently been appointed as ex officio members. GM said it is now the only major constituent in Delphi's case that is not a member of the committee.
According to the motion, discussions in connection with the GM request were held among the company, the U.S. Trustee, Delphi and the committee.
Although GM said it was prepared to accept appointment to the committee as an ex officio member and the U.S. Trustee and Delphi did not oppose the appointment, the committee objected to any GM membership.
GM said the U.S. Trustee was not prepared to appoint GM as a committee member in any capacity without the consent of the committee.
A hearing is scheduled for March 9.
Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8. Its Chapter 11 case number is 05-44481.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.