NL Short Takes
News | 06/03/2002 4:00 am EDT
Teleglobe American operations file for Chapter 11 protection
Teleglobe Inc.’s American subsidiaries filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. An earlier application for creditor protection had been denied by the courts (NL Update, May 27/02). The firm is under protection here and in the UK.