Kaiser Aluminum Bids To Preserve Net Operating Losses

Law360, New York (March 13, 2006, 12:00 AM EST) -- A month after being given the green light to reemerge from its long-running bankruptcy, Kaiser Aluminum Corp. has asked for a protective order prohibiting the Pension Benefit Guaranty Corporation and the voluntary employees' beneficiary association trusts from making deals that could endanger the company’s ability to use net operating losses.

The motion, filed in a Delaware district bankruptcy court last week, seeks court approval for the protective order to be enforced “without prior approval of the court to ensure the preservation of certain carryforwards of net...
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