TROY, Mich., Oct. 30 /PRNewswire/ -- Delphi Corporation (Pink Sheets:
DPHIQ) confirmed today that the Securities and Exchange Commission (SEC)
commenced and simultaneously settled with Delphi a lawsuit alleging
violations of federal securities laws. The lawsuit and settlement relate to
transactions that were the subject of a restatement by Delphi in June 2005.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020315/DEF002LOGO )
Under the agreement approved by the Commission, Delphi agreed, without
admitting or denying any wrongdoing, to be enjoined from future violations
of the securities laws. The SEC did not impose civil monetary penalties
against Delphi.
"We have cooperated fully with the Commission's investigation and will
continue to do so. We are pleased to put the SEC investigation behind us
and consider this settlement an important step in our transformation
process," said Delphi Chairman and CEO Robert S. "Steve" Miller.
More information on Delphi and its U.S. Chapter 11 business
reorganization filing is available at http://www.delphi.com and at
http://www.delphidocket.com respectively.
SOURCE Delphi Corporation
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