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Garrett Motion looks to bankruptcy mediation with equity group

Written by Maria Chutchian | Feb 22, 2021 7:22:00 PM

Glenn Agre Bergman & Fuentes is mentioned in a Reuters article that discusses how auto parts maker Garrett Motion Inc. is potentially headed to mediation with equity holders who are angling for a larger share of the company through its reorganization in bankruptcy court.

The firm, which represents the official equity committee, told U.S. Bankruptcy Judge Michael Wiles in Manhattan that despite negotiations that occurred over the weekend, the parties were not able to reach a deal with respect to their competing restructuring proposals. They agreed to continue negotiations and if they are unable to reach an agreement, mediation could be beneficial.

 

Read the article.

 

The Glenn Agre team representing the Official Committee of Equity Securities Holders of Garrett Motion Inc. includes Andrew Glenn, Shai Schmidt, Olga Lucia Fuentes-Skinner, Marissa Miller, Trevor Welch, Naznen Rahman, and Nathan Ades.