Asbestos Claimants Appeal Dana Settlement

Law360, New York (November 26, 2007, 12:00 AM EST) -- The ad hoc committee of asbestos personal injury claimants in Dana Corp.'s Chapter 11 reorganization are appealing a Manhattan bankruptcy court's Nov. 15 approval of a settlement deal between the auto parts supplier and 7,500 asbestos claimants.

The committee filed its notice of appeal with the U.S. Bankruptcy Court for the Southern District of New York challenging U.S. Bankruptcy Judge Burton Lifland's order approving the settlement, which the company said would be worth about $2 million.

On Nov. 8, the ad hoc committee objected to the...
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