Jones Day obtains favorable preliminary oral ruling in Wesco/Incora adversary proceeding on behalf of client

Client(s) Langur Maize, L.L.C.

On July 10, 2024, at the conclusion of a six-month trial, United States Bankruptcy Judge Marvin Isgur issued a preliminary oral decision in the Wesco/Incora bondholder adversary litigation in favor of Jones Day’s client. Judge Isgur held that a non-pro rata March 2022 exchange of some but not all of the company’s unsecured notes was not permitted under the unsecured notes’ indenture.