Dana’s Unsecured Creditors Enlist Court’s Help

Law360, New York (May 23, 2006, 12:00 AM EDT) -- Scrambling to determine whether they should file a formal complaint, the unsecured creditors of beleaguered Dana Corp. are seeking court permission to investigate whether the auto supplier's lenders exercised unfair influence over the company’s bankruptcy filing and financial arrangements.

On Friday, Dana's official committee of unsecured creditors asked to apply certain provisions of the Bankruptcy Code in an attempt to force Dana's lenders to turn over relevant documents and agree to in-person interviews.

“The committee needs to understand, among other things, the circumstances surrounding the debtors’...
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