Does anyone know anything about the Dana corp bankruptcy?

[JitterbugPerfume]

I get a fair amount of my income, and my health insurance from Danas retirment fund



This month I recieved a letter informing me of the bankruptcy instead of my check

(as if I didn't already know)

[carolinalady]

1. Hubby and I have been following it a bit-played a slam on the

stock right after bankruptcy was announced. All the info on the company is listed on Yahoo finance. Here is the link:

http://finance.yahoo.com/q?d=t&s=DCN

I think they will be able to re-emerge as a viable company but I do not know what the long-term implications will be. The price qoute is not accurate. The new symbol is DCNAQ and the link for that is below, but I think the news is the same on both pages.

http://finance.yahoo.com/q?s=DCNAQ.PK

[JitterbugPerfume]

2. Thank you

for the info

[oneighty]

3. A kick

for our friend Jitterbug.

Perhaps the afternoon/evening DUers might know more.

180

[im10ashus]

4. It depends. If there is a collective bargaining agreement...

...the PBGC SOMETIMES recovers their portion. Each case is so complex and different, so its hard to say what will happen. From what I am reading, it looks good so far, that they will restructure. Chapter 11's usually restructure and the investors SOMETIMES recover their loss or investments.

Here is a link to Jones Day's website. They represent Dana.

http://www.jonesday.com/experience/experience_detail.aspx?exID=S9405

[JitterbugPerfume]

5. Thank you for the link

My check came today , so I am ok at least for another month

[im10ashus]

6. That's good.

If I find out any more information, I will pass it along.

Hang in there. :-)

[JitterbugPerfume]

7. thank you I certainly do appreciate it

:hi:

[im10ashus]

8. If I get any more information I will kick it your way.

I know how frustrating this must be.

:hi: