Troutman Pepper represented the Official Committee of Unsecured Creditors in the high-profile Chapter 11 bankruptcy of electric vehicle maker Lordstown Motors Corp. Read a Law360 article about the ruling.
A Delaware bankruptcy judge confirmed the Chapter 11 plan of the electric vehicle maker on March 5, 2024, over the objections of the Office of the U.S. Trustee and a vocal shareholder. The plan was supported by Troutman Pepper’s client.
The multidisciplinary Troutman Pepper team, led by partners Deborah Kovsky-Apap and Francis Lawall, along with partners David M. Fournier, Sean McNally and Casselle Smith and associate Tori L. Remington, played a pivotal role in the hard-fought case. The team’s deep knowledge and strategic guidance across bankruptcy, securities law, automotive, and EV technology, helped achieve a largely consensual plan that will provide a 100% recovery to unsecured creditors.
“We are proud of our team’s work and the successful outcome of this complex case,” said Kovsky-Apap. “This result demonstrates Troutman Pepper’s commitment to providing exceptional legal counsel in high-stakes bankruptcy cases.”
Original source can be found here.