Federal-Mogul Reaches Agreement with Creditors on Reorganization Plan




SOUTHFIELD, Mich. - Federal-Mogul Corporation announced Nov. 3 that it has reached an agreement with its creditors on an amended plan of reorganization after a judge recently ended the bankrupt auto parts maker's period of exclusivity for filing the plan. In re: Federal-Mogul Global, Inc., et al., No. 01-10578 (D. Del., Bankr.).

The agreement was reached with the Unsecured Creditors Committee, the Asbestos Claimants Committee, the Future Asbestos Claimants Representative, the Agent for the Prepetition Bank Lender and the Equity Committee and will be filed with the U.S. Bankruptcy Court in Delaware in its Chapter 11 reorganization case, according to …






UPCOMING CONFERENCES




HarrisMartin's Masters of Mass Tort Settlements Conference - Sponsored by Milestone

June 27, 2024 - Buffalo, NY
The Richardson Hotel Buffalo

MORE DETAILS



HarrisMartin's MDL Conference: Video Game Addiction and the Latest Mass Tort Updates

May 29, 2024

MORE DETAILS