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Federal
Mogul Corp, a maker of components for cars, trucks and
construction vehicles, has rolled into bankruptcy because
of asbestos claims. With 49,000 employees, its interest
is in keeping their sales chart healthy and reorganizing
to stay solvent. Their assets of $9.053.2 million outweigh
their liabilities of $8,634.2 million, even though their
Net Inc. for 2001 was ($1,146 million). Accessing some
interesting documents is a click away:
"Opinion
Letter on Dispute Regarding Investigation by the Committee
of Unsecured Creditors whether it should bring Fraudulent
Conveyance Proceedings on Behalf of the Debtors Regarding
certain Prepetition Security Interests" dated Sep
12, 2002 : Pdf
- 169KB
"Memorandum
Opinion on Appeal of the Committee of Equity Security
Holders of Federal Mogul Corp. from Court Order Limiting
Compensation to its Financial Advisors" dated Oct
29, 2002 : Pdf
- 208KB
"Response
of Official Committee of Equity Security Holders to Debtors'
Motion for an order (1) Establishing Bidding procedures
and Break-up Fee Arrangements and (2) Approving Letter
of intent involving the Sale of a Portion of Federal Mogul
Ignition Company's Automotive Lighting Business to Decoma
International" from Aug 16, 2002 : Pdf
- 235KB
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