In the News The Wall Street Journal

Smurfit Says Bankruptcy is Possible Amid Crunch

"Smurfit-Stone Container Corp., one of the country's largest makers of cardboard boxes, has told lenders it could file for bankruptcy.

'This sounds like a situation where the disastrous economy hits a company's revenues and puts it into a position where its debt load becomes much heavier,' said Jonathan Henes, a lawyer at Kirkland & Ellis LLP who has worked on recent bankruptcies at Pierre Foods Inc. and Tronox Inc."

This article appeared in its entirety in the January 15, 2009 edition of The Wall Street Journal