Court Also Enters Order to Disband Official Committee of Equity Security Holders
TROY, MI -- (Marketwire) -- 04/24/09 -- Delphi Corp. (PINKSHEETS: DPHIQ) today announced
that during its April 23, 2009 Omnibus Hearing, the Bankruptcy Court for
the Southern District of New York approved Delphi's motion to enter into a
Second Supplement to the Second Amendment to its Accommodation Agreement
with certain participating lenders. Delphi is continuing its discussions
with GM and the Auto Task Force and working with its other stakeholders in
an effort to successfully resolve Delphi's reorganization cases.
The Court also approved Delphi's motion to disband the Official Committee
of Equity Security Holders as a result of changed circumstances in Delphi's
chapter 11 reorganization cases. The Court Order can be obtained at
http://www.delphidocket.com.
Information on the case can also be obtained on the Bankruptcy Court's
website with Pacer registration: http://www.nysb.uscourts.gov. For more
information about Delphi and its operating subsidiaries, visit Delphi's
website at www.delphi.com.
FORWARD-LOOKING STATEMENTS
This press release as well as other statements made by Delphi may contain
forward-looking statements that reflect, when made, the Company's current
views with respect to current events and financial performance. Such
forward-looking statements are and will be, as the case may be, subject to
many risks, uncertainties and factors relating to the Company's operations
and business environment which may cause the actual results of the Company
to be materially different from any future results, express or implied, by
such forward-looking statements. In some cases, you can identify these
statements by forward-looking words such as "may," "might," "will,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue," the negative of these terms and
other comparable terminology.
