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Delphi settles class-action suits

September 01, 2007|From Times Wire Services

Delphi Corp. and former company executives, along with Merrill Lynch & Co. and other underwriters, will pay $342.1 million to settle a securities fraud lawsuit brought by investors of the bankrupt auto parts maker.

The settlement includes $295.1 million to investors and $47 million to current and former Delphi employees who invested in the company through their retirement plans.

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