They are pushing Adelphia to consider a sale because they are unhappy with the company's proposed reorganization plan, under which it would emerge from bankruptcy with a value of about $17 billion.
In remarks before issuing his ruling, he suggested that the Tribune board consider rolling the remaining incentive plans into the reorganization plan under which the company would emerge from Chapter 11 bankruptcy protection.
Panasonic, the biggest Japanese maker of consumer electronics, announced a major reorganization Thursday under which it will cut thousands of jobs as it adapts its business to a changing global environment and absorbs recent acquisitions.
Other experts point out that filings invoking Chapter 7 of the bankruptcy code, a simple and inexpensive option, are rising faster than more complex Chapter 13 reorganization filings, under which consumers repay a portion of their debts so they can keep their homes, suggesting that more homeowners are simply walking away from underwater mortgages.
But the Journal says that Matlin will submit a competing reorganization plan under which Giuliani would be named the chairman.
The creditors preapproved the reorganization plan, under which their debt will be converted to a 99.5% equity interest.
The Claridge Hotel and Casino Corporation proposed a reorganization plan yesterday under which the billionaire financier Carl Icahn would gain control of the struggling Atlantic City casino.
He eventually put together a reorganization plan with creditors under which he retained 51percentt of the brand, predicated on his zeal for redemption.
Functional reorganization, pre- and post surgery, can occur within the unaffected ipsilateral or contralateral hemisphere, but under which circumstances reorganization becomes effective is poorly understood.
Ms. Hayes received responsibility for investment strategy at Janus in February, a month after a reorganization in which Janus, which had been a unit of Stilwell Financial, began to trade under the Janus name.
Mr. Blok announced a reorganization to simplify KPN's management, under which nine business units had been reporting independently to the three-member board.
