Wed. 6:34pm: PBGC fights judge’s order in Delphi case
WARREN – The entity that took over pensions of Delphi salaried retirees is asking a judge to reconsider her order that they be forced to turn over documents retirees have been seeking for years in a federal lawsuit.
Pension Benefit Guaranty Corporation, or PBGC, also on Wednesday requested a delay in the Sept. 30 deadline to comply with the order.
U.S. District Court Magistrate Judge Mona K. Majzoub ordered last month that records “related to the potential PBGC recoveries in connection with the Delphi Pension Plans” be turned over. The suit is part of the fight by salaried retirees to regain their full pensions, much of which was lost during Delphi’s 2009 bankruptcy. The fight includes about 1,500 salaried retirees from the Warren area.
In the appeal the PBGC renewed its argument that the documents should be protected by executive privilege.
Read the complete story in Thursday’s Tribune Chronicle and at www.tribtoday.com.