Judge Dismisses $20M Claim Against Dana

Law360, New York (November 7, 2007, 12:00 AM EST) -- A judge threw out a $20 million claim filed by one of bankrupt Dana Corp.'s suppliers, agreeing with the auto parts company that the claim, which included trade secret theft, lacked merit.

Judge Burton R. Lifland of the U.S. Bankruptcy Court of the Southern District of New York decided Tuesday to disallow the claim filed by Jasco Tools Inc.

Dana had argued that the $20 million claim does not arise out of any legitimate obligation. Rather, the auto parts company said it resulted from Jasco's discontent...
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