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New Dana v. Kao Ya

This article was originally published in The Rose Sheet

Executive Summary

Lawsuit filed by New Dana and affiliate, New Tinkerbell, against Kao Ya Manufacturing seeks more than $5 mil. in damages, firms announce Jan. 17. Filed in Scranton, Penn. federal court, suit alleges Kao Ya manufactured contaminated products formulated without preservatives. Products were slated for sale under Tinkerbell fragrances and cosmetics, but did not reach consumer market. New Dana had to postpone sales contracts with retail customers and incur costs to redeliver and dispose of products, firm asserts, claiming Kao Ya breached its contract by creating defective products. Separately, New Dana completes senior debt refinancing through $30 mil. facility, sponsored by LaSalle Business Credit (New York)
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