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Kinnear knew that many of Texaco's creditors and suppliers were getting jumpy and that the Supreme Court decision might cause the whole situation to spiral out of control. In an affidavit filed in a Texas appeals court, Texaco outlined in detail the pressures it was under. Chase Manhattan had demanded that Texaco maintain new minimum balances in its accounts before the bank would transfer funds to satisfy commercial obligations. Worse, Manufacturers Hanover Trust had canceled a $750 million line of credit...

Author: /time Magazine | Title: Texaco's Star Falls | 4/20/1987 | See Source »

...Lebanon, clearly interested Jerusalem. Israel has released more than 6,000 Arabs in recent years in swaps for nine Israelis in enemy hands. At midweek the Israeli newspaper Davar reported that multinational negotiations to free all foreigners were secretly under way. While calling the story "completely baseless," a government affidavit conceded that efforts were being made to get the Israeli flyer back. That aroused new suspicions about a sweeping hostage deal...

Author: /time Magazine | Title: Hostages Stalemate in a Tormented Land | 2/23/1987 | See Source »

...affidavit was submitted to the three-judge panel considering whether to hear a suit filed by families of terror victims to bar the government form releasing prisoners convicted of or on trial for terrorism...

Author: NO WRITER ATTRIBUTED | Title: Israel Denies Hostage Swap | 2/13/1987 | See Source »

...reports published in the media and on which the families base their petition are completely baseless," the affidavit said...

Author: NO WRITER ATTRIBUTED | Title: Israel Denies Hostage Swap | 2/13/1987 | See Source »

...affidavit indicated Israel was working to bring home its servicemen form Lebanon, including an airman held by the Lebanese militia Amal...

Author: NO WRITER ATTRIBUTED | Title: Israel Denies Hostage Swap | 2/13/1987 | See Source »

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