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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?

To: A.L. Reagan who wrote (335)	9/28/2001 3:43:21 PM
From: Gary Stern	Read Replies (1) \| Respond to of 586

EXDS can't arbitrary pick and choose which lease to keep or get rid of without approval of their debtors. All executory contracts(yet to be performed in full) may be rejected by the Debtor. This may give rise to the filing of a claim for damages, but they get lumped in with rest of the debts in the same class. The court has to confirm the plan but it it must be approved by the majority of the creditors holding the majority of the debt except for circumstances known as a "cram down" where the Court says that the creditors wouldn't get any more in a liquidation and they have to accept the plan. I hope this information gets me off the "bad guy list" for expressing annoyance over the posting of "news".