Dana Creditors Resist Bid To Share Asbestos Consultant

Law360 (September 19, 2006, 12:00 AM EDT) -- Arguing against the equity committee’s request for joint retention of its asbestos consultant, the creditor’s committee of Dana Corp.’s bankruptcy case filed documents on Monday, seeking to keep its asbestos advisor to itself.

The creditors’ move is a response to the equity committee’s attempt to retain the same consultant because “the interests of creditors and equity are completely aligned on all asbestos issues.”

The creditor’s committee argued that the equity committee’s statement was faulty, since the creditor’s committee has the duty to represent the interests of...
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