Dura Noteholder Seeks Stay Of Plan Confirmation

Law360, New York (May 23, 2008, 12:00 AM EDT) -- The latest reorganization plan of Dura Automotive Systems Inc. has come under fire from an investor who claims he and hundreds of other equity holders will suffer irreparable harm if the company emerges from bankruptcy without examination of his “well founded” concerns.

Vocal creditor James Korth has filed a notice of appeal to the U.S. Bankruptcy Court for the District of Delaware, calling for a stay on confirmation of Dura's revised Chapter 11 plan, the auto parts maker's third, until his objections can be properly addressed....
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