Lowenstein represented the Official Committee of Unsecured Creditors in the bankruptcy cases of Latex Foam International (aka Talalay Global), the largest producer of Talalay in the world and the only manufacturer in the United States of premier foam mattresses, components for foam mattresses, pillows, and toppers. As counsel to the Committee, the firm was involved in the financing and operational needs of the company and worked closely with the Debtors and their advisors to achieve a successful sale of the business to Belgian-based Artilat, NV. The sale resulted in the preservation of all jobs and repayment in full of secured debt. Following the sale, the Committee proposed and, by order of the U.S. Bankruptcy Court for the District of Connecticut on November 12, 2020, achieved confirmation of a plan of liquidation. The Lowenstein team included Wojciech F. Jung, Mary E. Seymour, and Colleen M. Maker.
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