Toyota Demands Answers From Dura On Leases

Law360, New York (June 18, 2007, 12:00 AM EDT) -- Toyota Motor Credit Corp. wants an answer from Dura Automotive Systems regarding its unexpired equipment leases, and has tried to nail down the bankrupt auto supplier on whether it intends to assume or reject the contracts.

On Friday, Toyota asked the bankruptcy court to allow it to either appoint a specific time by which Dura must decide on how to handle the leases or provide it with relief from the automatic stay to pursue its claims.

“By this motion, Toyota requests that this court enter an...
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