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Chapter 11 Reorganization of Manufacturer

Chapter 11 Reorganization of Manufacturer

by rltlawfirm / Monday, 21 May 2018 / Published in Case Studies

A closely held test equipment manufacturer, utilized by large-scale government contractors performing work for the United States Department of Defense on, among other things, fighter jets, found itself embroiled in state court minority shareholder litigation that had the prospect of generating a liability that would cripple the company. In an aggressive response to that litigation, the company retained RLT to file for Chapter 11 relief, and by proposing a plan of reorganization with the majority shareholder as the sole new capital contributor, was able to reorganize the company and effect a change in ownership rendering the shareholder litigation worthless.

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ABOUT US

Rabinowitz, Lubetkin & Tully, LLC is a six (6) lawyer firm that focuses its practice in the areas of bankruptcy, civil litigation, and commercial real estate. RLT’s attorneys are leaders in their field. Chambers USA, which lists America’s leading lawyers for business, and is a highly-respected legal directory based on in-depth interviews with in-house counsel and private practice attorneys, recently ranked RLT ahead of many larger well-respected firms. RLT was described as "deliver[ing] effective, timely and beneficial services that yielded favorable results." RLT was also noted as "hav[ing] tremendous knowledge and [the ability to] do timely and efficient work."

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