Court Rejects Formal Committee For Asbestos Victims

Law360, New York (April 20, 2006, 12:00 AM EDT) -- Echoing the objections from the U.S. Trustee and the creditors committee, a federal judge for the Dana Corp. bankruptcy case has denied a request by a group of asbestos victims to form an official committee.

Judge Burton Lifland in the U.S. Bankruptcy Court in Manhattan said that although the case issues are complex, a creditors committee was sufficient to represent the asbestos victims. The creditors committee in the case includes one member who will speak for asbestos victims.

If the judge had cleared the way for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.