Amkor, Creditors Square Off Over SEC Filing

Law360, New York (October 6, 2006, 12:00 AM EDT) -- A battle between technology company Amkor Technology Inc. and its bondholders may end in a bankruptcy court. In response to a demand that the company pay off its debts immediately, the company has threatened to file for Chapter 11 bankruptcy protection.

Amkor founder James Kim, who controls 46% of the company’s shares, is prepared to file for Chapter 11 if negotiations with bondholders reach an impasse. While a bankruptcy filing would be damaging to Kim’s holdings, it would also devalue the company’s bonds.

Amkor has not...
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