Kasowitz Retained to Represent Official Committee of Equity Security Holders in Garrett Motion Chapter 11 Bankruptcy Case
Kasowitz Benson Torres has been retained to represent the Official Committee of Equity Security Holders in the widely publicized Chapter 11 bankruptcy case of Garrett Motion, a leading auto parts manufacturer, in the U.S. Bankruptcy Court for the Southern District of New York.
Garrett Motion filed for bankruptcy protection in September 2020 due to declining sales as a result of the coronavirus pandemic and its crushing debt load and liabilities, including the $1.5 billion in asbestos indemnity obligations it inherited from Honeywell when it spun off from Honeywell in 2018. Garrett Motion is one of the mega bankruptcy cases filed in 2020.
The Kasowitz team representing the Official Committee of Equity Security Holders of Garrett Motion is led by partners Andrew K. Glenn and David S. Rosner and includes partner Matthew B. Stein and associate Shai Schmidt.