Accuride Disclosure Cites Shareholder Ire, Gets OK

Law360, New York (December 22, 2009, 2:28 PM EST) -- A federal judge has approved Accuride Corp.’s latest disclosure statement and put the massive prepackaged plan of reorganization to creditors for a vote now that the wheel maker has agreed to include mention of the equity holder committee’s trenchant opposition to a plan that allegedly gives shareholders short shrift.

Following a hearing last week, Judge Brendan Linehan Shannon of the U.S. District Court for the District of Delaware approved the disclosure statement Monday and gave Accuride the go-ahead to begin conducting the $140 million rights offering...
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