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Title : "Pink Panther" to Begin Bankruptcy Action Plan
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"Pink Panther" to Begin Bankruptcy Action Plan

WASHINGTON- Owens Corning will finally emerge from bankruptcy following nearly 5 years operating under creditor protection.

United States bankruptcy Judge Judith Fitzgerald praised both sides for finally reaching an agreement following tension and sometimes chaos created by both asbestos victim's attorneys as well as representatives from company bondholders.

The company filed for protection claiming that the costs of asbestos litigation were destroying the company's financial assets.

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