U.S. Trustee For Dana Corp. Opposes Asbestos Committee
By Catherine Fredenburgh
Law360, New York (April 17, 2006, 12:00 AM EDT) -- The U.S. Trustee for the Southern District of New York filed an objection on Friday to a motion that sought to establish a committee for individuals with asbestos-related personal injury claims against Dana Corporation, which is currently in Chapter 11 proceedings in U.S. Bankruptcy Court.
Judge Burton R. Lifland will hear oral arguments on the motion on April 19 at 10 a.m. in the U.S. Bankruptcy Court in lower Manhattan.
Trustee Diana G. Adams cited Dana’s estimates of its asbestos liability, which put potential payouts at...