RRD Says it Followed Laws in Argentine Plant Closing
The bankruptcy petition filed on Monday was approved by the court shortly thereafter and a trustee was appointed. This was quickly done, as it is usual in these cases, so as to protect and preserve premises, workers, facilities and creditors. The company believes the issue will be best resolved by the court and the trustee.
At base, the business of RRDA is not solvent and that reality was the sole driver of the business decision, the letter concluded.