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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.