[Riot]

So let me get this straight, Timm- you're upset because a bunch of employees of a privately owned company which went bankrupt due to "accounting irregularities" (according to the article), didn't get a government handout?

Ditto. Look, I'm sure if Delphi has a case, they will win it. Using the Michele Malkin screech to tar the Obama administration is absurd. This lawsuit is 3 years old, btw, Timm.

Delphi has a long history in the courts of defending themselves of charges of fraud by pension funds that invested in them.

Could be a very good reason this private company wasn't "bailed out" like some of the auto makers were.

Delphi also has lawsuits for bad goods being sold.

The auto bailed worked very well, btw - paid back, companies still exist, jobs saved.

October 2005
http://www.nytimes.com/2005/10/06/bu...8k+3/Kq9l9N72A

The Delphi Corporation and several former and current senior executives engaged in a series of sham sales of worthless inventory intended to improve the company's bottom line, shareholders contend in a lawsuit filed in New York.

Delphi, the auto parts maker, sold "problematic inventory" to third parties for "enormous sums of money," two state pension funds and two European funds claim in the suit. Delphi agreed to buy the material back later, while recording almost $300 million from those transactions, the complaint states.

2006 bad goods lawsuit against Delphi

Delphi Automotive Battery Cases

With co-counsel, Lieff Cabraser Heimann & Bernstein, LLP is prosecuting a consumer protection class action on behalf of Arizona residents who have purchased or leased a Delphi Automotive Systems automotive battery with side-mounted terminals. Delphi marketed these batteries under the trade names "Delphi Maintenance Free Battery" and "AC Delco Maintenance Free Battery." Members of the proposed class may have purchased the batteries separately at retail outlets where Delphi and AC Delco batteries are sold, or purchased or leased vehicles equipped with the batteries.

The lawsuit alleges that Delphi concealed the fact that these batteries are defectively designed, fail prematurely, and leak battery acid from the side mounted positive terminal, causing damage to battery cables and other vehicle components.

http://www.lieffcabraser.com/delphi.htm