Dana Files Plan, Sees Bankruptcy Exit By Year's End

Law360, New York (September 4, 2007, 12:00 AM EDT) -- In a move that auto parts supplier Dana Corp. says puts it one step closer to leaving Chapter 11, the company has submitted its blueprint for emerging from bankruptcy, which includes up to $750 million in new equity investment, renegotiated labor pacts and supply contracts.

On Friday, Dana filed its reorganization plan and disclosure statement with the U.S. Bankruptcy Court for the Southern District of New York, leaving the company, which filed for Chapter 11 in March 2006, on track to meet its goal of exiting...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.