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Dana Holding Corporation
Dana Holding Corporation Seeks Declaratory Judgment Regarding Conclusion of Supply Contract with Chrysler LLC
August 23rd, 2008
Dana Holding Corporation (NYSE:DAN) announced that it has asked the Bankruptcy Court for the Southern District of New York to provide a declaratory judgment confirming that the existing supply agreement between Dana and Chrysler LLC will conclude on Dec. 31, 2008. Dana is seeking to confirm its rights relative to the Settlement Agreement reached by the two companies in August, 2007 and confirmed by the Bankruptcy Court one month later. The requested court action is an attempt to determine Dana's future course as a supplier to Chrysler. "Our goal is to establish a mutually rewarding supply agreement with Chrysler moving forward," said Dana Executive...
Source: Law & Health Weekly (2008-08-23)
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