Dana Granted Stay To Appeal $43.9M Verdict

Law360, New York (May 24, 2007, 12:00 AM EDT) -- A bankruptcy judge overseeing Dana Corp.’s Chapter 11 case has lifted a stay on litigation to allow the auto parts maker to fight a $43.9 million product liability verdict.

Ruling that relief from the Chapter 11 stay was in the best interests of Dana, Judge Burton Lifland on Wednesday granted the company’s motion to modify the automatic stay imposed by the Bankruptcy Code to appeal the case won by Microtherm Inc.

The ruling also allows Dana to seek a secondary appellate review by the Supreme Court...
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