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Article Excerpt
Deaf, dumb and blind
Just how insensitive can lawyers be? Printable responses, please, to the editor. Mr Peter Wolfson, partner at Sonnenschein, Nath and Rosenthal, advisers to the bondholders' and trade creditors' committee at Federal-Mogul (the owner of T&N), has put in his bid. He was reported last week in the FT as saying, "You'd have to be deaf, dumb and blind not to earn 7.5%". According to the FT, bondholders, Wolfson's clients, will get about 40-50 cents on the dollar, but the asbestos victims and pension...
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