Darmstadter
Veteran Expediter
COOPER-STANDARD AUTOMOTIVE COMMENCES VOLUNTARY
CHAPTER 11 CASES TO IMPLEMENT BALANCE SHEET RESTRUCTURING
NOVI, Mich. - August 3, 2009 - Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that the Company and its U.S subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to facilitate a balance sheet restructuring. The petitions were filed in the U.S. Bankruptcy Court in the District of Delaware. The Company’s Canadian subsidiary, Cooper-Standard Automotive Canada Limited, will seek relief under the Companies’ Creditors Arrangement Act in the Ontario Superior Court of Justice in Toronto, Ontario, Canada.
CHAPTER 11 CASES TO IMPLEMENT BALANCE SHEET RESTRUCTURING
NOVI, Mich. - August 3, 2009 - Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that the Company and its U.S subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to facilitate a balance sheet restructuring. The petitions were filed in the U.S. Bankruptcy Court in the District of Delaware. The Company’s Canadian subsidiary, Cooper-Standard Automotive Canada Limited, will seek relief under the Companies’ Creditors Arrangement Act in the Ontario Superior Court of Justice in Toronto, Ontario, Canada.
