The automotive industry is currently one of the most active in the insolvency field. With the recent chapter 11 filings by Collins & Aikman, Delphi, Meridian, and Tower Automotive, as well as numerous ongoing restructurings, this industry is ripe for change, and, some say, for consolidation.
Over the years, ST&G has represented, and continues to represent, many players in this industry, including debtors, asset acquirors, distressed investors and debt traders. With these engagements, the experts at ST&G have become intimately familiar with all the relevant issues, including the modification and rejection of collective bargaining agreements and the termination of pension plans. We can use our expertise and experience to help you accomplish your objectives, no matter what they are.
Representative Clients and Cases:
- Collins & Aikman – represented major hedge fund / debt trader
- Daewoo Motor America – represented the US distributor of Daewoo automobiles in a successful chapter 11 case
- Delphi - represent major hedge fund / debt trader
- Hayes Lemmerz – represented Apollo Management fund, as holder of significant debt
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