On Eve Of Hearing, Dura Promotes Backstop

Law360, New York (August 14, 2007, 12:00 AM EDT) -- After making some amendments to its agreement, Dura Automotive Systems Inc. and its official committee of unsecured creditors have come to terms with the bankrupt auto supply makers backstop rights purchase agreement.

In a motion filed Monday in the U.S. Bankruptcy Court for the District of Delaware, the committee said that amendments Dura has made, which were filed prior to a scheduled hearing this week, will cause the committee to support the deal.

In a separate motion filed Monday, Dura said the agreement over the backstop...
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