Judge Turns Over Hourglass For Dana

Law360, New York (June 28, 2006, 12:00 AM EDT) -- Giving Dana Corp. some room to breathe, a U.S. bankruptcy judge has granted the beleaguered auto supplier’s request to extend its sole right to file a reorganization plan by an additional six months.

On Wednesday, U.S. Bankruptcy Judge Burton Lifland signed off on the motion, extending the deadline for Dana to submit a Chapter 11 plan to January 3.

Dana bid for an extension two weeks ago, arguing that more time was needed to craft a proposal, given the size and complexity of the business and...
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