Adelphia creditors have agreed to a new reorganization plan, they said in a statement urging Adelphia to approve the proposal. They also reserved the right to ask the U.S. Bankruptcy Court to support their plan over Adelphia’s proposal. The creditors said they could continue litigation against the Rigas family, Adelphia’s auditors and other lenders. The preliminary agreement, approved unanimously by the official committee of unsecured creditors, calls for unsecured creditors to receive common stock in the reorganized company, based on an assumed value of $17 billion. It also calls for the process of selling Adelphia to continue. Adelphia said it’s reviewing the plan and described it as a “productive step” in the bankruptcy process. Adelphia also said final offers on the purchase of the company are expected in Jan.
The International Trade Administration (ITA) has issued a notice stating that at the request of P.T. Indorama Synthetics Tbk (Indorama), a mandatory respondent, it is postponing until no later than 135 days after October 28, 2004 (from January 3, 2005) the final antidumping (AD) duty determination on bottle-grade polyethylene terephthalate (PET) resin from Indonesia.
The International Trade Administration (ITA) has issued a notice stating that at the request of the petitioners, it is postponing until no later than December 16, 2004 (from November 16, 2004) its preliminary antidumping (AD) duty determinations on purified carboxymethylcellulose from Finland, Mexico, Netherlands, and Sweden.
The International Trade Administration (ITA) has issued the final results of the antidumping (AD) duty administrative review of certain steel concrete reinforcing bars from Turkey for the period of April 1, 2002 through March 31, 2003.
The International Trade Commission (ITC) has issued a press release on its final negative antidumping (AD) injury determination stating that the U.S. industry is neither materially injured nor threatened with material injury by reason of imports of certain aluminum plate from South Africa, which the International Trade Administration (ITA) has determined are sold in the U.S. at less than fair value.
The Colo. PUC said its review of state phone deregulation laws shows that if it deregulated any Qwest retail service, it must deregulate the service for all other providers operating in Qwest’s service area. Qwest has proposed replacing its present price cap system with a plan that would leave residential basic exchange under a state-mandated cap but deregulate rates and end service quality regulation for all other retail residential and business services. In a preliminary declaratory order, the PUC said state law confers authority to deregulate services, not providers. For instance, if Qwest’s request for statewide deregulation of its retail long distance were granted, that would automatically deregulate all other long distance providers, which the PUC said would directly affect the non-Qwest customers. Parties planning to intervene in the proceeding (Case 04A-411T) must register by Nov. 10. A prehearing procedural conference is set Nov. 23.
The International Trade Administration (ITA) has issued its final results of the antidumping (AD) duty new shipper review of certain preserved mushrooms from China for the period of February 1, 2003 through July 31, 2003.
The International Trade Administration (ITA) frequently issues notices on antidumping (AD) and countervailing (CV) duty orders which Broker Power considers to be "minor" in importance as they concern actions that occur after an order is issued and neither announce nor cause any changes to an order's duty rates, scope, affected firms, or effective period.
The ITA states that it will apply the bonding option under 19 CFR 351.107(b)(1)(i) only to entries of subject merchandise from these two exporters for which the respective producers under review are the suppliers1.
The International Trade Administration (ITA) has issued its final results of the antidumping (AD) duty new shipper review of honey from China for the review period of December 1, 2002 through May 31, 2003.