Dana Swamped With Nearly 20,000 Claims

Law360, New York (October 27, 2006, 12:00 AM EDT) -- In a revelation that exceeded earlier predictions, Dana Corp. tallied 19,000 claims against it totaling $25.3 billion, according to court documents filed Wednesday.

With most of those claims under dispute, Dana presented the U.S. Bankruptcy Court in Manhattan with a set of procedural rules that, if approved, would allow the company to group the claims and not deal with them one-by-one.

“In light of the significant number of claims that have been filed or scheduled in these cases, preparing and filing individual pleadings for each objection...
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