On October 30, 2006, the SEC stated that: "[It] filed settled financial fraud charges in federal court in Detroit against Delphi Corporation, a Troy, Mich. auto parts supplier. In its complaint, the Commission charges Delphi with engaging in a pattern of fraudulent conduct between 2000 and 2004. The Commission also charges thirteen individuals for their alleged roles in the fraudulent conduct and/or in related reporting and books-and-records violations by Delphi."

The SEC stated: "This case involves a pattern of federal securities laws violations by defendant Delphi Corporation("Delphi") and certain of its senior officers, accounting staff and treasury staff, from 2000 through 2004."

The Court stated: "The Securities and Exchange Commission having filed a Complaint and Defendant Delphi Corporation; having entered a general appearance; consented to the Court's jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; waived any right to appeal from this Final Judgment; and filed a Chapter 11 bankruptcy petition on October 8, 2005 in the matter captioned In Re Delphi Corporation, et al., Case No. 05-44481 (S.D.N.Y.)"