Collins & Aikman Seeks More Time For Parts-Making

Law360, New York (June 27, 2007, 12:00 AM EDT) -- As Collins & Aikman Corp. continues to wind down operations, the bankrupt auto supplier has asked a judge to endorse an agreement with some of its big-name customers as well as JP Morgan Chase that would allow the company to continue producing crucial parts into July.

On Wednesday, Collins & Aikman asked U.S. Bankruptcy Judge Steven Rhodes to sign off on an agreement with Daimler Chrysler, General Motors Corp. and JP Morgan Chase, the agent of the lenders, that was tentatively reached last December.

The deal...
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