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Korea Line Files For Ch. 15 To Stymie US Litigation

By Erin Coe (February 25, 2011, 9:29 PM EST) -- Korea Line Corp., the second-largest shipping company in South Korea, filed for Chapter 15 bankruptcy protection in New York on Friday, seeking to temporarily stay several pending U.S. legal disputes as it moves forward with a rehabilitation proceeding in South Korea....

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