Dura's Creditors Attack Bondholder's Fee Bid

Law360, New York (April 17, 2008, 12:00 AM EDT) -- Creditors of Dura Automotive Systems Inc. have lashed out at an investment bank that claims it owns more than $100 million of the bankrupt company's bonds, saying the bank's bid for administrative fees should be denied because it hasn't made a substantial contribution to the Chapter 11 proceedings.

James W. Korth of J.W. Korth & Co. is not the independent fiduciary he claims to be, the official committee of unsecured creditors said in documents filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware....
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