Accuride Corporation

The firm served as co-counsel representing an ad hoc committee of noteholders in the chapter 11 cases filed by Accuride Corporation, a manufacturer of commercial vehicle components. Through its prearranged restructuring plan, Accuride sought approval of a plan of reorganization that, among other terms, cancelled its existing notes in exchange for 98% of the common stock of reorganized Accuride and offered new senior secured notes worth $140 million. After a contentious confirmation process, the ad hoc committee supported the confirmation of Accuride’s third plan of reorganization.