Notice of Initial Distribution of Net Settlement Funds

NEW YORK, Sept. 13 /PRNewswire/ -- The following statement is being issued by the parties listed below regarding the In re: Delphi Corporation Securities Litigation.

An initial distribution of the Net Settlement Funds in the In re: Delphi Corporation Securities Litigation class action recently has been made to all Class Members who submitted a Proof of Claim ("Claim") on or before February 28, 2010, to the Claims Administrator, The Garden City Group, Inc., and who did not receive from the Claims Administrator notice that such Claim had been recommended for complete rejection. If you submitted such a Claim to the Claims Administrator in connection with the settlements of this class action, and you did not receive notice that your Claim will be recommended for complete rejection, you should have received an initial distribution check. If you submitted a Claim on or before February 28, 2010 and did not receive a rejection notice, but, also, did not receive an initial distribution check, you must immediately notify the Claims Administrator, as follows:

FAILURE TO NOTIFY THE CLAIMS ADMINISTRATOR WITHIN 30 DAYS OF THE DATE OF THIS NOTICE THAT YOU SUBMITTED A CLAIM ON OR BEFORE FEBRUARY 28, 2010 AND DID NOT RECEIVE A NOTICE OF REJECTION, BUT DID NOT RECEIVE AN INITIAL DISTRIBUTION CHECK, WILL RESULT IN THE FORFEITURE OF YOUR ENTIRE CLAIM.

Co-Lead Counsel identified below are available to answer questions from Class Members concerning the initial distribution or other claims processing matters:

SOURCE Barroway Topaz Kessler Meltzer & Check, LLP; Bernstein Litowitz Berger & Grossmann LLP; Nix, Patterson & Roach, L.L.P.; Grant & Eisenhofer P.A.