Deloitte & Touche has agreed to contribute $38.25 million to settle claims in a securities class-action lawsuit against bankrupt auto parts maker Delphi.
Deloitte audited the financial statements of Delphi, which was accused of accounting improprieties that forced the company in June 2005 to restate its financial results for all fiscal periods going back to 1999. Delphi had earlier committed to pay $205 million to settle the case. Additional commitments from its insurance carriers and former banks brought the settlement to more than $325 million.
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