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Judge Tells Dana Creditors To Share Asbestos Consultant

Law360 (September 22, 2006, 12:00 AM EDT) -- Much to the dismay of the creditors committee in Dana Corp.’s ongoing bankruptcy case, a federal judge decided Thursday that the creditors and the equity committee could share the same asbestos consultant without significant conflicts of interest.

“It appearing that ARPC (Analysis, Research and Planning Corporation) is not representing any adverse interests in connection with these cases, and it appearing that a joint retention of ARPC by the creditors committee and equity committee is efficient and in the best interests of [Dana]’s estates, it is hereby...
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