Cross-Holder Group litigates in Multi-Color Corporation chapter 11 proceedings

Client(s) Cross-Holder Group of MCC Lenders

Jones Day represented a group of holders (the “Cross-Holder Group”) of debt of Multi-Color Corporation and its affiliates (“MCC”) in connection with MCC’s chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey. Beginning in the fall of 2025, Jones Day advised the Cross-Holder Group in negotiations with MCC regarding a potential out-of-court restructuring. These negotiations continued until MCC filed for chapter 11 protection on January 29, 2026. Following MCC’s bankruptcy filing, Jones Day litigated several significant issues in the bankruptcy on behalf of the Cross-Holder Group, including challenges to venue, the terms and legality of MCC’s proposed debtor-in-possession financing, and the scope of collateral securing MCC’s prepetition secured debt. Through this litigation, Jones Day positioned the Cross-Holder Group to negotiate a resolution of the contested issues. The resulting settlement, memorialized in part through an amended plan of reorganization, provided significant additional value to the Cross-Holder Group as compared to MCC’s initially proposed plan. The Bankruptcy Court confirmed the amended plan on April 16, 2026, and the plan became effective on May 11, 2026.

In re Multi Color Corporation, et al., Case No. 26-10910 (MBK) (Bankr. D.N.J. 2026)