Another day, another bankruptcy ... this time it's Lear - Mark Fightmaster

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Another day, another bankruptcy ... this time it's Lear
Jul 02, 2009 06:50 PM UTC

Mark Fightmaster

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Via BloggingStocks:

Filed under: Bad news, Recession

Yesterday, automotive parts supplier Lear (NYSE: LEA) announced that it is preparing to file for Chapter 11 bankruptcy protection. The company has also lined up financing to fund operations while it is under court protection.

LEA's subsidiaries outside of the United States and Canada will not be a part of the bankruptcy filing. According to the company, its "operations outside the United States and Canada are well-capitalized, well-positioned and have a strong backlog of new business."

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Another day, another bankruptcy ... this time it's Lear originally appeared on BloggingStocks on Thu, 02 Jul 2009 13:50:00 EST. Please see our terms for use of feeds.

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