A judge on Thursday authorized Dana Corp. to pay about $26 million to the cluster of law firms, restructuring consultants and financial advisers working on its bankruptcy reorganization.
Judge Burton Lifland of the U.S. Bankruptcy Court in Manhattan approved the payment of four months’ worth of fees and expenses to 19 firms after they reached a compromise with a Justice Department official. The official, acting U.S. Trustee Diana G. Adams, had expressed concern about Dana’s rising restructuring costs.
