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Judge OKs Collins & Aikman, DaimlerChrysler Deal

Law360 (May 23, 2007, 12:00 AM EDT) -- A federal judge has approved an agreement between bankrupt auto parts supplier Collins & Aikman Corp. and auto maker DaimlerChrysler Co. that will help Collins & Aikman facilitate the sale of its assets.

Judge Steven W. Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan signed off on the deal Monday, saying it would be included as part of a larger customer agreement Collins & Aikman reached in December.

The agreement was filed under seal “due to the sensitive and confidential commercial information...
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