Delphi is suing a group of investors for jeopardising its chances of emerging from Chapter 11 bankruptcy protection in the US. The supplier has called in lawyers to force private-equity firm Appaloosa Management to deliver on its proposed $2.55 billion in funding. Appaloosa withdrew its offer in April, claiming Delphi had made unreasonable agreements with its former parent company, General Motors. Delphi chief compliance officer David Sherbin said: "We believe the investors breached their obligations under our Equity Purchase and Commitment Agreement - this formed the foundation of our planned reorganisation."
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