Accuride Corporation
Representation of an ad hoc committee of noteholders in the chapter 11 cases of Accuride Corporation in the District of Delaware. Through its prearranged restructuring plan, Accuride, a manufacturer of commercial vehicle components, sought approval of a plan of reorganization that, among other terms, canceled 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.