NEW YORK – MAY 4, 2012 – Arent Fox LLP announced today that it is representing Morgan Industries Corporation, the parent company of Hunter Marine Corporation and the Luhrs Marine Group family of boat manufacturing businesses, and its US subsidiaries (“Luhrs Marine Group”) in proceedings initiated earlier this week with the filing of voluntary petitions for chapter 11 business reorganization in the US Bankruptcy Court for the District of New Jersey.

Arent Fox’s Robert Hirsh and George Angelich are advising the Luhrs Marines Group as bankruptcy general counsel.

The Luhrs Marine Group is a global leader in the production of recreational powerboats and sailboats under the iconic brand names of Hunter Marine, Silverton, Ovation, Luhrs, and Mainship. The business reorganization is intended to bolster liquidity, fairly resolve legacy liabilities, and enable the company to focus on its most valuable business lines and assets.

In conjunction with the filing, the Luhrs Marine Group filed first day motions that will allow it to continue to manage operations in the ordinary course. The company has obtained a fully-committed, post-petition debtor-in-possession credit facility from Bank of America to enhance liquidity and working capital.

During the initial stages of the chapter 11 proceedings, and as the recreational boat market and business segment continues to improve, the Luhrs Marine Group will consider its strategic and transactional alternatives. Additionally, it will evaluate options ranging from a standalone plan of reorganization, or a capital infusion through a plan of reorganization or funding sponsor or acquirer.

More information about the Luhrs Marine Group’s chapter 11 filing is available at donlinrecano.com/morganindustries. Information for vendors and suppliers is available at (386) 462-3653. Information for dealers is available at (386) 462-3616.