• Company
  • Description
  • Recovery Amount
  • Delphi Corporation
  • In re Delphi Corp Securities Litigation
  • $325 million

 

Eastern District of Michigan

G&E represented an international pension fund as lead plaintiff in a consolidated class action against Delphi Corp. Defendants included Delphi directors and officers in addition to the company’s accounting firm, Deloitte & Touche. The resulting settlement agreements totaled more than $325 million and included $204 million from Delphi Corp., $80 million from Delphi’s directors and officers’ insurance, and $38 million from Deloitte & Touche, highlighting the importance of holding gatekeepers accountable to investors.