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No Expense Spared As Dana Navigates Bankruptcy

Law360 (March 7, 2006, 12:00 AM EST) -- The stage is being set for a veritable bonanza of fees for firms hired to take part in the bankruptcy of auto parts manufacturer Dana Corp., court documents show.

Dana filed for Chapter 11 bankruptcy earlier this month in the U.S. Bankruptcy Court for the Southern District of New York, where Judge Burton R. Lifland will likely approve tens of millions of dollars in fees, challenging those charged in other recent high-profile insolvency cases.

Leading the way is Dana’s New York-based bankruptcy counsel, Jones Day, which...
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