Dana Opposes Motion To Exclude Evidence

Law360, New York (September 6, 2006, 12:00 AM EDT) -- Incensed by what it called “baseless assertions” against its incentive plan for retaining executives, Dana Corp. filed an opposition on Tuesday to a motion by the creditors committee to exclude certain pieces of evidence concerning settlement discussions.

Earlier this month, Dana’s creditors came out against the plan to give CEO Michael Burns $4 million and five other executives about $1 million each, saying it could create a “windfall” for the six top executives if they were able to direct the company to slash workers’ retirement benefits....
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