After-Hours Movers 7/1: DMAN, QSFT, SCMP Higher; LEA, DSCO, ILMN, UNFY Lower

Lear Corporation (NYSE: LEA) <font>36% LOWER;</font> announced today that the Company has reached an agreement in principle regarding a consensual debt restructuring with steering committees representing its secured lenders and its bondholders. The Company plans to commence shortly the proposed restructuring under court supervision pursuant to a voluntary bankruptcy filing under Chapter 11 of the United States Bankruptcy Code by the Company and certain of its U.S. and Canadian subsidiaries. The agreement in principle provides that, subject to certain limited exceptions, Lear's trade creditors will be paid in full.

Discovery Laboratories, Inc. (Nasdaq: DSCO) <font>33% LOWER;</font> announces today, after