Dana Agrees To Allow $125M Claim To End EPA Spat

Law360, New York (June 17, 2008, 12:00 AM EDT) -- The U.S. government has agreed to settle more than $419 million in environmental claims against bankrupt auto parts maker Dana Corp. and 40 of its subsidiaries in exchange for $125.7 million in allowed general unsecured claims.

The government filed proofs of claim seeking at least $419.9 million for unreimbursed response costs, civil penalties and punitive damages related to six Superfund sites in five states. Superfund is the government's program to clean up hazardous waste sites.

Though Dana won't contest the $125 million claim, the exact amount...
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