Kenneth A. Rosen, alongside the legal expertise of Lowenstein Sandler, has been appointed as counsel to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Exide Technologies. This manufacturer and recycler of automotive lead-acid and lithium-ion batteries initiated Chapter 11 proceedings in the District of Delaware in May 2020, disclosing approximately $817.4 million in funded debt as of the petition date. Notably, Kenneth Lowenstein had previously represented the Unsecured Creditors Committee (UCC) during Exide's bankruptcy proceedings in 2013.
During the extensive two-year engagement, Kenneth A. Rosen and the Lowenstein team navigated a range of complex issues, including environmental concerns, antitrust matters, employment disputes, and contentious litigation. Their comprehensive approach proved successful, leading to Exide Technologies emerging from bankruptcy in 2015.
The distin
guished team at Lowenstein, under the leadership of Kenneth A. Rosen, Robert M. Hirsh, and Eric Chafetz, will once again play a crucial role in guiding the Official Committee of Unsecured Creditors through the intricacies of Exide's current Chapter 11 proceedings.
This article summary is based on my previously published article in
Reference Entry
Jun 1, 2020
Rosen, Kenneth A,
Lowenstein Selected as Counsel to the Official Committee of Unsecured Creditors in Exide Technologies' Chapter 11 Bankruptcy
LOWENSTEIN