On Thursday a federal judge overseeing the bankruptcy proceedings of auto parts manufacturer Dana Corp., overruled the objections of an ad hoc committee representing asbestos-personal injury creditors, and allowed Dana's proposed $2 million personal injury settlement to proceed. The committee had petitioned the court to delay Thursday's hearing pending public disclosure of the terms of the agreements to settle 7,500 personal injury lawsuits over asbestos-containing automotive gaskets manufactured by Dana. The $2 million settlement will resolve eleven percent of the cases against Dana Corp. alleging mesothlioma, and open the door to other claimaints seeking similar settlements. For more information on the Dana Corp. settlement, see below Proposed Settlement for 7,500 Dana Corp. Asbestos Claimants, posted 10/29/07 and Committee Pushes for Details of Dana Corp. Settlements posted 11/13/07.