We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Dana Hits Back At Retirees Moves to Keep Benefits

Law360 (March 5, 2007, 12:00 AM EST) -- Bankrupt auto parts maker Dana Corp. has claimed that moves by a group of retirees to block a motion to terminate non-pension benefits threaten to derail the company’s bid to emerge from Chapter 11.

In a response to the sole objection filed in the bankruptcy court by a group of non-union retirees, the debtors said the committee’s arguments were full of “sound and fury,” but lacked any legal merit and should be overruled by the court.

“The motion represents but one important component of the debtors’...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.