PIE-TICKER
Auto supplier Delphi headed for Chapter 11?
After a balance sheet manipulation scandal unfolded last week, more trouble may be brewing at Delphi Corporation (www.delphiautomotive.com), Troy , Michigan / USA . The Dow Jones newswire quotes financial analysts as saying that management of the General Motors spin-off may initiate Chapter 11 bankruptcy proceedings to gain protection from creditors. According to other US news reports, 11 law firms already have filed class action suits against the company.
16.03.2005 Plasteurope.com [11463]
Published on 16.03.2005