Dana's Win On $20M Claim Affirmed On Appeal

Law360, New York (May 14, 2008, 12:00 AM EDT) -- A judge has rejected Jasco Tools Inc.'s appeal of a bankruptcy court's November 2007 decision to disallow Jasco's $20 million claim against auto parts supplier Dana Corp., which stemmed from a separate suit in which Jasco accused Dana of misappropriating trade secrets.

U.S. District Judge Richard J. Berman of the Southern District of New Yorksigned off on an order last week dismissing the appeal, affirming the bankruptcy court's Nov. 6 decision to grant Dana summary judgment. The bankruptcy court decided that there was no evidence connecting...
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