Visteon Ordered to Restore All Retirees' Health Benefits
A Delaware bankruptcy judge has told auto parts supplier Visteonthat it must restore health and life insurance benefits for thousands of retirees.
After meeting with attorneys in advance of a hearing Tuesday, the judge said his reading of a ruling issued by a federal appeals court panel last month makes clear that the benefits must be restored.
But he acknowledged that a hearing still must be held to determine the mechanism and time table for restoring those benefits.
Visteon petitioned for the panel's ruling to be revisited by the full appeals court, but that request was denied.