Judge OKs Auto Supplier JL French’s Exit Plan

Law360, New York (September 4, 2009, 12:45 PM EDT) -- Aluminum die-cast component supplier J.L. French Automotive Castings Inc. has secured court and creditor approval for its Chapter 11 reorganization plan, swapping a 100 percent stake in the company for roughly $215 million in debt and clearing the way for it to exit bankruptcy protection for the second time in three years.

J.L. French received the green light for its amended reorganization plan and disclosure statement in the U.S. Bankruptcy Court for the District of Delaware Sept. 3. Creditors completed a vote overwhelmingly in favor of...
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