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Teleglobe''s U.S. subsidiaries file for voluntary protection with U.S. Bankruptcy Court.

Publication: PR Newswire
Publication Date: 28-MAY-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MONTREAL, QC and RESTON, VA -- Teleglobe Inc. today announced that its U.S. subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in Delaware.

This step was taken in order to provide protection for the U.S. subsidiaries similar to that previously obtained for Teleglobe companies through their previous...

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