Wednesday, October 24, 2012

AstraZeneca Toxic-Cleanup Affiliate Files Bankruptcy

http://www.businessweek.com/news/2012-10-24/astrazeneca-toxic-cleanup-affiliate-files-bankruptcy

Cherokee Simeon Venture I LLC, which uses AstraZeneca’s U.S. headquarters address in Wilmington, Delaware, cited about $50 million each in assets and debt in papers filed yesterday in U.S. Bankruptcy Court in Wilmington.
Officials determined that “it is desirable and in the best interests of the company, its creditors” and related parties to seek Chapter 11 protection, Brian Spiller, Cherokee manager, wrote in court papers. 

$50 million here $50 million there, soon we will be talking about real money

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