When you go two clicks further into WikiPedia the story takes an interesting turn :
"In November 2001, Malden Mills declared bankruptcy after the recession. . . [and] Feuerstein was relieved of actual control of the company by its creditors. . .
In February 2007, the assets of Malden Mills were purchased by a newly formed company . . .
June 28, 2007, the federal Pension Benefit Guaranty Corporation said it would take over the underfunded (by 49%) Malden Mills pension plan, which covers about 1500 employees. . . "
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When you go two clicks further into WikiPedia the story takes an interesting turn :
"In November 2001, Malden Mills declared bankruptcy after the recession. . . [and] Feuerstein was relieved of actual control of the company by its creditors. . .
In February 2007, the assets of Malden Mills were purchased by a newly formed company . . .
June 28, 2007, the federal Pension Benefit Guaranty Corporation said it would take over the underfunded (by 49%) Malden Mills pension plan, which covers about 1500 employees. . . "
http://en.wikipedia.org/wiki/Malden_Mills