Troutman Pepper Represents Official Committee of Unsecured Creditors in Lordstown Motors’ Chapter 11 Plan

NEW YORK – Troutman Pepper represented the Official Committee of Unsecured Creditors in the high-profile Chapter 11 bankruptcy of electric vehicle maker Lordstown Motors Corp. Read a Law360 article about the ruling.

A Delaware bankruptcy judge confirmed the Chapter 11 plan of the electric vehicle maker on March 5, 2024, over the objections of the Office of the U.S. Trustee and a vocal shareholder. The plan was supported by Troutman Pepper’s client.

The multidisciplinary Troutman Pepper team, led by partners Deborah Kovsky-Apap and Francis Lawall, along with partners David M. Fournier, Sean McNally and Casselle Smith and associate Tori L. Remington, played a pivotal role in the hard-fought case. The team’s deep knowledge and strategic guidance across bankruptcy, securities law, automotive, and EV technology, helped achieve a largely consensual plan that will provide a 100% recovery to unsecured creditors.

“We are proud of our team’s work and the successful outcome of this complex case,” said Kovsky-Apap. “This result demonstrates Troutman Pepper’s commitment to providing exceptional legal counsel in high-stakes bankruptcy cases.”

Troutman Pepper’s Financial Restructuring + Insolvency Practice Group provides clients with creative solutions in financial restructuring and insolvency matters that prioritize recovery or return on investment. The team’s deep understanding of pre- and post-insolvency issues from every stakeholder’s perspective enables the group to help clients prevent and prepare for financial crises and to serve as trusted advisors to effectively respond to financial distress.

About Troutman Pepper
Troutman Pepper is a national law firm with more than 1,100 attorneys strategically located in 20+ U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Learn more at troutman.com.