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6th Circuit rules for GM in $450 million retiree claim

Today, the 6th Circuit Court of Appeals upheld a District Court ruling that dismissed a $450 million claim against General Motors.

By Nick Thornton | Updated on May 14, 2015
(AP Photo/David Goldman, File)

Today, the 6th Circuit Court of Appeals upheld a District Court ruling that dismissed a $450 million claim against General Motors.

The United Auto Workers had claimed that GM was obligated to contribute $450 million to the health care plans of Delphi retirees. The parts supplier subsidiary of GM filed for bankruptcy in 2005, at which time the UAW originally claimed Delphi was responsible for the $450 million contribution.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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