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SPCP Group buys $4.13 million in claims against Dana
By Caroline Salls
Pittsburgh, Nov. 19 - SPCP Group, LLC bought $4.13 million in claims against Dana Corp., according to Friday filings with the U.S. Bankruptcy Court for the Southern District of New York.
Specifically, SPCP bought a $2.33 million claim from Parker Hannifin Corp. and a $1.8 million claim from Marvin A. Franklin.
Dana, a Toledo, Ohio-based supplier of components, modules and systems to vehicle manufacturers and related aftermarkets, filed for bankruptcy on March 3, 2006. Its Chapter 11 case number is 06-10354.
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