Court Endorses Dana's Plan To Mop Up Mess

Law360, New York (September 16, 2008, 12:00 AM EDT) -- The federal judge overseeing the Dana Corp. bankruptcy case has signed off on an estimated $125 million in general unsecured claims for the U.S. government, paving the way for the auto parts maker to put its outstanding environmental liabilities to rest.

On Friday, U.S. Bankruptcy Judge Shira Scheindlin signed off on the agreement that covers the environmental fallout from a half dozen Superfund sites in a deal that has been in the works for months.

“This stipulation and order represents the complete agreement between the debtors...
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