Asbestos Claimants' Appeal Of Dana Plan Nixed

Law360, New York (October 2, 2008, 12:00 AM EDT) -- A U.S. judge has dismissed objections to Dana Corp.'s Chapter 11 reorganization, ruling that the asbestos claimants' personal injury claims are not impaired by the auto parts maker's plan.

On Tuesday, Judge Paul A. Crotty of the U.S. District Court for the Southern District of New York granted Dana Corp.'s motion to dismiss the ad hoc committee of asbestos personal injury claimants' appeal of the debtors' plan, which had been approved in December.

The committee appealed the plan in January, mainly because it assigned asbestos personal...
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