Dura Noteholders Take Their Fight Elsewhere

Law360, New York (October 8, 2007, 12:00 AM EDT) -- Unwilling to back down, some of the noteholders of Dura Automotive Systems Inc. have decided to appeal a bankruptcy court's decision to approve a controversial backstop rights agreement that would allow the supplier to allegedly eliminate the group's $500 million claim.

On Friday, the holders of Dura's 9% senior subordinated notes signaled their intention to take their case to the U.S. District Court for the District of Delaware, hoping to receive a different outcome from the one handed down last week by U.S. Bankruptcy Judge Kevin...
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