Dana To Fork Over $12.6M In Legal, Professional Fees

Law360, New York (September 1, 2006, 12:00 AM EDT) -- Embattled auto parts manufacturer Dana Corp. must shell out a whopping $12.6 million to a slew of law firms and companies that have aided the company throughout its Chapter 11 proceedings.

On Wednesday, Judge Burton Lifland of the U.S. Bankruptcy Court for the Southern District of New York authorized numerous fee and expense awards connected to various professional services rendered from March 3, 2006 through June 30, 2006.

Jones Day, which serves as Dana’s primary debtor counsel, received a massive $8,135,343.90 payment, in addition to $390,244.79...
To view the full article, register now.