Loading…
Friday, August 29, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Friday, 11/16/2007

Dana wins court OK for asbestos accords

NEW YORK Toledo auto-parts maker Dana Corp. won bankruptcy court approval yesterday to pay as much as $2 million to settle about 7,500 personal-injury lawsuits over automotive gaskets it made that contained asbestos.

The decision resolves a very large number of claims and opens the door for other claimants to seek similar settlements, U.S. Bankruptcy Judge Burton Lifland said at a hearing.

The settlement resolves 11 percent of the cases against Dana over mesothelioma, a cancer linked to asbestos exposure, Heather Lennox of Jones Day, an attorney for company, said.

Judge Lifland overruled an objection from a group of claimants not participating in the settlement who argued that the terms of the agreements should be made public.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest






Poll