Ampex creditors' committee improves creditors' recoveries
Clients Ampex Corporation Creditors' Committee
Jones Day represented the unsecured creditors' committee in the chapter 11 cases of Ampex Corporation. Ampex Corporation and its affiliates are a publicly-traded audio and video recording technology company. The case was pending before the United States Bankruptcy Court for the Southern District of New York. The committee investigated certain causes of action and contested plan confirmation resulting in significantly improved treatment of unsecured creditors and a consensual revised plan.