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 Asks Court To Lift Litigation Stay

Law360 (May 7, 2007, 12:00 AM EDT) -- Auto parts maker Dana Corp. has asked a bankruptcy court judge to lift the Chapter 11 protection against litigation in order to allow the company to appeal a $43.9 million product liability verdict.

Dana filed the request on Thursday in the U.S. Bankruptcy Court for the Southern District of New York, claiming that allowing the company to pursue the appeal may benefit the bankruptcy proceedings.

If Dana’s appeal is successful, the ruling would eliminate a $70.8 million claim in the bankruptcy proceedings filed by Microtherm Inc.,...
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.