Dana Swamped With Nearly 20,000 Claims

Law360, New York (October 27, 2006, 12:00 AM EDT) -- In a revelation that exceeded earlier predictions, Dana Corp. tallied 19,000 claims against it totaling $25.3 billion, according to court documents filed Wednesday.

With most of those claims under dispute, Dana presented the U.S. Bankruptcy Court in Manhattan with a set of procedural rules that, if approved, would allow the company to group the claims and not deal with them one-by-one.

“In light of the significant number of claims that have been filed or scheduled in these cases, preparing and filing individual pleadings for each objection...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.