Jury picks to start in SEC-Delphi civil trial

AP News
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Posted: Oct 19, 2010 7:09 AM
Jury picks to start in SEC-Delphi civil trial

Jury selection is expected to start in Detroit in a civil trial involving former executives at auto-parts maker Delphi.

Former chief executive J.T. Battenberg and three others are accused of misstating the company's finances in government filings in 2000. They're being sued by the Securities and Exchange Commission.

U.S. District Judge Avern Cohn calls it a "serious case." Jury selection starts Tuesday, and the trial is likely to last many weeks.

Battenberg and others say they aren't liable. The other defendants are ex-chief accountant Paul Free, ex-pension analyst Milan Belans and ex-financial accounting director Catherine Rozanski.

Delphi was spun off by General Motors in 1999 and emerged from bankruptcy last year.