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

Class Action Plaintiffs Scoff At Dana Proposal

Law360 (May 17, 2007, 12:00 AM EDT) -- The lead plaintiff in a securities fraud class action lawsuit against Dana Corp. has objected to the bankrupt auto part company's' proposal for handling dispute resolution.

In a filing Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, the Pension Trust Fund Group said that its claim should be excluded from the proposed procedure. If not excluded, it asked that the court deny the proposed process.

The securities lawsuit, which is pending in the U.S. District Court for the Western District of...
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.