Deloitte & Touche LLP, an auditing firm, has announced the preliminary settlement of the claims brought against it in the Delphi securities class action (E.D. Mich.). The case, originally filed in 2005, stems from Delphi’s financial restatement and subsequent bankruptcy.
Deloitte’s settlement is for $38.25 million. The settlement follows on the heels of Delphi’s related $342 million settlement announced last September. Reuters has an article.
The 10b-5 Daily 