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.
In 2007, as Delphi was still in bankruptcy, Delphi, GM and the UAW entered into a memorandum of understanding, wherein GM agreed to contribute the $450 million to the UAW members’ retirement. GM entered into two more subsequent agreements to contribute the $450 million.
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