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.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.