Stahl Cowen Retained By Visteon Salaried Retirees

CHICAGO, Aug. 3 /PRNewswire/ -- Stahl Cowen Crowley Addis LLC is pleased to announce that it has been selected to serve as counsel for a group of salaried retirees in the bankruptcy of Visteon Corporation and its affiliated debtors.  The case is currently pending in the Bankruptcy Court for the District of Delaware.  Visteon, originally a part of Ford Motor Company, is one of the largest automobile part suppliers in the world.  In addition to Ford, Visteon is a major global part supplier to many other Original Equipment Manufacturers.  Earlier in the bankruptcy proceedings, Visteon was allowed to terminate retirement benefits for thousands of salaried retirees and their families.  Based on a recent decision by the Third Circuit Court of Appeals, Stahl Cowen's clients are seeking re-instatement of their retirement benefits, to pursue a claim against Visteon for damages due to the benefit termination, and the formation of a Retiree Committee to represent the interests of all similarly situated salaried retirees in the bankruptcy.

The Stahl Cowen team will be led by Trent Cornell and Jon Cohen.  Stahl Cowen has had the unique privilege of representing more non-union Retiree Committees than any other firm in the United States, including in the Dana Corporation, Delphi Corporation, Hayes Lemmerz Corporation, Keystone Steel (FV Steel, Inc.), Wagner Castings, and Intermet International bankruptcies. The firm also represents the National Chrysler Retirement Organization in the Chrysler bankruptcy and the GM National Retiree Association in the GM bankruptcy.  Stahl Cowen has also formed and represents many VEBAs that have been formed with recoveries obtained by Retiree Committees or by companies seeking to separate retiree obligations while preserving their retirees' access to quality healthcare.  Last month Stahl Cowen was also selected to represent the Official Salaried Retiree Committee in the PTC Alliance bankruptcy pending in Delaware.

In addition to its broad bankruptcy practice, Stahl Cowen focuses on serving the needs of business enterprises, including commercial litigation and dispute resolution, employment matters, day-to-day business operation issues, mergers and acquisitions, real estate development and investment, land use projects, corporate and real estate financing, asset protection planning, wealth transfer and charitable and municipal organizations.  The firm's attorneys, many of whom honed their legal skills at some of Chicago's largest law firms, provide clients with sophisticated legal advice while remaining sensitive to the economic cost of their work.

For further information please call: Trent Cornell or Jon Cohen at 312.641.0060

SOURCE Stahl Cowen Crowley Addis LLC