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Latest Constar International Inc. Stories

2008-12-31 13:54:57

Pennsylvania plastic container company Constar International Inc. said it filed for Chapter 11 bankruptcy protection to implement a debt-for-equity swap. The swap will reduce the company's indebtedness by $175 million and annual interest expenses by $19.3 million, the company said. The voluntary filing was submitted to the U.S. Bankruptcy Court in Wilmington, Del. In a statement, President and Chief Executive Officer Michael Hoffman said Constar intended to continue to operate as usual during...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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