NP’s $38.25 Million Deloitte & Touche Settlement Approved

On June 26, 2008, United States District Judge Gerald Rosen, of the Eastern District of Michigan, entered an order granting final approval of a $38.25 million settlement between Lead Plaintiffs and Defendant Deloitte & Touche LLP. The Court’s order renders a final judgment in the securities fraud case against Deloitte, which arose from its role as outside auditor leading to Delphi’s massive restatement of all of its financial statements for a period of five years dating back to its spin-off from General Motors. NP’s trial team was led by NP partners Brad Beckworth Jeffrey Angelovich, and Susan Whatley.

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