Lowenstein Sandler has been selected as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Exide Technologies. The manufacturer and recycler of automotive lead-acid and lithium-ion batteries filed for Chapter 11 protection in the District of Delaware in May 2020, citing approximately $817.4 million of funded debt as of the petition date. Lowenstein most recently represented the UCC in Exide’s previous bankruptcy proceedings filed in 2013. The multidisciplinary, two-year engagement included environmental, antitrust, employment, litigation, and other heavily contested issues. The company successfully emerged from bankruptcy in 2015. The Lowenstein team will is led by Kenneth A. Rosen, Robert M. Hirsh, and Eric Chafetz.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
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