Garrett Motion Favors Mediation Over Competing Ch. 11 Plans
Law360 (February 16, 2021, 7:28 PM EST) -- Bankrupt automotive technology company Garrett Motion Inc. told a New York judge Tuesday that it wanted to delay a hearing over its plan disclosure statement so that it could engage in negotiations with the official committee of equity security holders and potentially submit to mediation over outstanding issues.
After hearing a recitation of concerns from U.S. Bankruptcy Judge Michael E. Wiles over Garrett's proposed Chapter 11 plan and a competing plan from the equity committee, debtor attorney Andrew G. Dietderich of Sullivan & Cromwell LLP said the case could benefit from taking negotiations with the committee and plan sponsors offline in...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!