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Dana Judge Denies $2.5M Fee Bid By Appaloosa

Law360 (June 20, 2008, 12:00 AM EDT) -- The judge overseeing the bankruptcy case of newly revived auto parts maker Dana Corp. has shot down a hotly contested request for $2.5 million in legal fees by the company's would-be investment partner.

Judge Burton R. Lifland of the U.S. Bankruptcy Court for the Southern District of New York said in a ruling Thursday that Appaloosa Management LP had failed to meet its burden of showing that it had made a substantial contribution to Dana's reorganization, deserving of compensation.

The hedge fund, which sought to recoup...
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