Bankruptcy Law News
10/10/2008 11:55:57 AM EST
Mid-sized Japanese insurer goes bankrupt
TOKYO – (AP) A medium-sized Japanese insurance company says it has gone bankrupt, becoming the first Japanese financial company to collapse on the fallout from the U.S. credit crisis.
Yamato Life Insurance Co. President Takeo Nakazono said Friday the company fell $111 million in the red because of the unusually swift and drastic fall in stock prices … Full version (available to lexis.com subscribers)
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