Romano's Macaroni Grill, founded in 1988, said it «successfully leveraged the court administrated restructuring process to shed legacy liabilities and significantly strengthen the company, amid industry headwinds.» (foodnewsfeed.com)
[It's also worth highlighting here: One51 doesn't have any other material pension, deferred consideration, provisions, or other legacy liabilities.] (wexboy.wordpress.com)
The CEO announced that in a letter posted on the Financial Times website, «I'd like to just set the record straight here and now: there is absolutely no plan, strategy or intention for GM to file for bankruptcy» GM faces a host of issues, revolving around legacy liabilities, poor design, poor marketing (reliance on sales, rather than everyday low pricing), high production costs, low flexibility, and high debt. (alephblog.com)