October 14th, 2016
Curtis Represents Glencore Ltd. and Affiliates in Chapter 11 Cases of Noranda Aluminum
Curtis is representing Glencore Ltd. and its affiliates Commodity Funding, LLC (“Commodity Funding”) and Corpus Christi Alumina LLC (“CCA”) in connection with the Chapter 11 cases of Noranda Aluminum, Inc., (“Noranda”) in the United States Bankruptcy Court for the Eastern District of Missouri before Judge Barry S. Schermer. Noranda was a vertically-integrated aluminum producer. Its “downstream” division was one of the largest aluminum foil producers in North America, supplying heavy- and light-gauge foils and sheet products to customers including producers of transformers, air conditioners, containers and packaging solutions.
Curtis is actively counseling Glencore and its affiliates in a complex set of disputes between Noranda and Sherwin Alumina Co., LLC (“Sherwin”). This matter has included participation in Court-ordered mediation with Judge Marvin Isgur of the United States Bankruptcy Court for the Southern District of Texas. The disputes between Noranda and Sherwin are regarding, among other things, rejection of Sherwin’s supply agreement with one of the Noranda Debtors (“NBL”), Sherwin’s damages claim arising from such rejection by NBL (asserted in excess of $145 million), a Court-ordered interim supply arrangement between Sherwin and NBL and related issues, the impact of the Noranda Debtors’ debtor-in-possession financing on Sherwin, and the proposed sale of the Noranda Debtors’ assets.
The Curtis team working on this matter includes Restructuring and Insolvency Partners Steven J. Reisman and Shaya Rochester, Restructuring and Insolvency Litigation Partner Theresa A. Foudy and Restructuring and Insolvency Counsel James V. Drew.