Law360, New York (July 01, 2009) -- Lear Corp., the world’s second-largest automotive seat manufacturer, is set to enter Chapter 11 for an expedited restructuring and has obtained $500 million in debtor-in-possession and exit financing.
Lear announced Wednesday that it would shortly enter Chapter 11 bankruptcy for a rapid restructuring now that an agreement has been struck among the company, its secured lenders and its...
