Dana Fights Ticking Clock

Law360 (June 15, 2006, 12:00 AM EDT) -- Bankrupt auto supplier Dana Corp. is asking a bankruptcy judge for six more months to craft its Chapter 11 plan, saying the size and complexity of the business and its financial arrangements require more planning.

If the judge approves the request, Dana would have until January 3 to submit a reorganization plan, and until March 5 to gain the support of its creditors. A hearing on Dana's extension request is scheduled for June 28.

In court documents filed Wednesday, lawyers for Dana say officials have focused...
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