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Loose Change

05 Apr 2003

When Fleming Companies filed for bankruptcy last week, company officials probably did not speculate on the erroneous conclusions some would make in regard to its chosen petition date. "I think the filing is an April fool's joke, everything is fine," one market player said of Fleming's decision to pursue a Chapter 11 bankruptcy. He retracted his statement three days later, when the company did not seem to be joking.

 

05 Apr 2003