Judge Limits Claims Sales In Kaiser Case

Law360, New York (April 27, 2006, 12:00 AM EDT) -- Bankrupt Kaiser Aluminum will be able to protect up to $85 million in tax write-offs, after a bankruptcy court judge ruled that the company has some say over the sale of claims in its case.

A judge in the U.S. Bankruptcy Court for the District of Delaware ruled that before the government’s Pension Benefit Guaranty Corp. and two trusts for Kaiser retirees can sell their claims in Kaiser’s bankruptcy case, they must first get approval from the company.

While the ruling allows some of the claims...
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