General Growth Hires Sidley Austin Bankruptcy Attys.

Law360, New York (November 20, 2008, 12:00 AM EST) -- General Growth Properties Inc. has hired bankruptcy attorneys from law firm Sidley Austin LLP, further indicating that the debt-laden mall owner may be on the verge of seeking bankruptcy protection.

General Growth spokesman David Keating told Law360 Thursday that the company hired Sidley Austin counsel to serve “in an advisory role.”

“The hiring of such a law firm is standard for any company faced with financial challenges and should not be interpreted any other way,” Keating said in an e-mailed statement.

Keating said the company is...
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