Accuride Ready To Roll Out Of Ch. 11 With Plan OK

Law360, New York (February 19, 2010, 4:04 PM EST) -- A bankruptcy court has confirmed Accuride Corp.'s reorganization plan, putting the commercial vehicle wheel maker on the road out of Chapter 11.

Accuride Corp. said the U.S. Bankruptcy Court for the District of Delaware's approval of the company's reorganization plan after only five months will allow Accuride to emerge from bankruptcy with new financial flexibility.

“This new capital structure, coupled with the significant operational restructuring initiatives we have implemented, will position the company for future growth and the continued leadership of our brands,” said Bill Lasky,...
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