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Non-Tech : Just For Feet (FEET)
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To: Don Dorsey who wrote (482)1/14/1998 10:36:00 AM
From: Don Dorsey   of 750
 
Here is the LA Gear news.

L.A. Gear files for Chap. 11 bankruptcy protection

SANTA MONICA, Calif., (Reuters) - L.A. Gear Inc. , a designer and marketer of athletic footwear, said Tuesday it filed a voluntary petition for protection under Chapter 11
of the U.S. Bankruptcy Code.

The company also said in a statement that it had reached an agreement with an unofficial committee of bondholders holding its 7.75 percent convertible
subordinated debentures, due 2002, on a comprehensive financial restructuring.

It said it planned to file its plan of reorganization as early as next week and that it would continue its day-to-day business activities without interruption.
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