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Global Crossing files for Chap. 11

  • From: Brian Coyle
  • Date: Mon Jan 28 22:07:21 2002

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http://biz.yahoo.com/rb/020128/business_telecoms_globalcrossing_dc_1.html

Mon 8:09pm ET
Global Crossing Ltd. on Monday said it filed for
bankruptcy protection as two of its Asian business
partners agreed to pay $750 million to assume
control of the high-speed communications services
company as it reorganizes in the fourth-largest
insolvency in U.S. history.

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