Delphi settles shareholder lawsuits
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Bankrupt auto parts maker Delphi Corp   said on Friday it has settled class action lawsuits  by shareholders and employees that grew out of financial  restatements that were the subject of civil fraud charges the  company settled last year.
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DETROIT, Feb. 13  â The auto parts maker Delphi said Tuesday that it lost $2 billion in the third quarter, attributing half the loss to buyout costs for 20,000 unionized workers.
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The agreement with the maker of Thomas & Friends Wooden Railway toys settles a class-action lawsuit by thousands of families who purchased lead-tainted products.
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The accounting firm KPMG has agreed to settle a shareholder lawsuit claiming the company failed in its audit of a software company which later collapsed.
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The company reaches a licensing agreement with Korea Delphi.
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NEWARK, NJ -- Three companies have agreed to pay $50 million to settle charges they defrauded investors in Pimco Funds by not disclosing a market timing arrangement.
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Purdue Pharma LP has agreed to pay $10 million to the state to settle a lawsuit that accused the company of dishonestly marketing the painkiller OxyContin in West Virginia.
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NEW YORK -- Hospital operator Tenet Healthcare Corp. said a subsidiary which runs Palm Beach Gardens Medical Center in Florida has agreed to settle 106 individual lawsuits filed against the hospital for $31 million.
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Automotive parts supplier Delphi Corp. (NYSE: DPH) received a subpoena from the US Securities and Exchange Commission in late July in connection with agreements with Electronic Data Systems Corp.
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Ten former directors tentatively agree to pay $54M -- including $18M out of their own pockets -- to settle part of a class-action securities lawsuit stemming from the company's accounting scandal.
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General Motors Corp.  and bankrupt auto parts maker Delphi Corp.  are near a deal with the United Auto Workers union that would provide a cash payout to Delphi workers in exchange for lower hourly wages, the Detroit News reported on Thursday.
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Deloitte & Touche, Bank of America and 38 other banks have agreed to pay $455 million to settle a lawsuit with Adelphia investors.
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The United Auto Workers and Delphi, the country's largest auto parts supplier, reached a tentative agreement yesterday on a comprehensive labor deal that could pull the troubled company out of bankruptcy and prevent a potentially crippling strike that could shut down General Motors.
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Families of victims of a deadly nursing home fire last year settled 28 of 32 lawsuits against the company that owned the facility, lawyers announced Thursday.
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The company's shares have recovered from legal settlement sticker shock.
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A class-action lawsuit that alleged Microsoft Corp. overcharged consumers was settled Wednesday for an undisclosed amount.
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The data aggregator said that it has reached a deal to settle a class-action suit filed by shareholders over the massive data breach the company disclosed in early 2005.