Counsel to Chapter 11 Debtor
Our attorneys represented JHT Holdings, Inc., the leading transporter of large commercial trucks in North America, in its cross-border restructuring of operations in the US, Canada, and Mexico. The company and its US affiliates filed Chapter 11 in Delaware and filed a plan that same week that was negotiated in advance with the company’s lenders and a group of distressed investors. The plan was contested and ultimately modified to reflect settlements with the unsecured creditors’ committee and the company’s insurer, Liberty Mutual. The proceedings were fast-tracked to protect the company’s business and the plan was confirmed just four months after the company filed for Chapter 11.