Judge Turns Down Expenses In Dana Case

Law360, New York (December 20, 2006, 12:00 AM EST) -- A federal judge has refused to authorize expenses sought by a slew of lawyers and restructuring professionals involved in Dana Corp.'s bankruptcy case, concerned that some of their costs border on extravagance.

On Tuesday, U.S. Bankruptcy Judge Burton Lifland approved the fee requests entered by a team of lawyers and consultants for an estimated $22 million, subject to a 20% holdback, according to court documents.

But in a surprising move, the judge then turned around and denied the group’s expense requests for nearly $1 million, departing...
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