Appaloosa Appeal Over Scuttled Dana Deal Tossed

Law360, New York (December 17, 2007, 12:00 AM EST) -- Bankrupt auto parts maker Dana Corp. and hedge fund Appaloosa Partners have formally mended their fences, resolving a dispute over a deal between the company and its workers that threatened to derail Dana's Chapter 11 proceedings.

In an order issued on Thursday, Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York dismissed with prejudice an appeal filed earlier this year by Appaloosa. The hedge fund had asked the district court to re-examine the settlement reached between Dana and the United...
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.