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

Court Greenlights Dana's Disclosure Statement

Law360 (October 23, 2007, 12:00 AM EDT) -- The judge overseeing Dana Corp.'s Chapter 11 proceedings has approved the bankrupt auto part suppliers disclosure statement, as well as Dana's proposal for a backstop agreement, a representative for the company said on Tuesday.

The court found that Dana's disclosure statement contained adequate information, and scheduled a confirmation hearing on Dana's restructuring plan for Dec. 10, the spokesperson said, adding that the company will begin sending out plan solicitation materials in about a week.

Dana Corp. filed its second amended reorganization plan and disclosure statement on...
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.