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Last Monday (June 14, 2004) the WBC filed for Chapter 7 Liquidation. This final step was taken after a Chapter 11 bankruptcy filed in 2003 after Graciano Rocchigiani won a $31 million dollar (USD) judgment against the WBC didn't get the job done. As much as the WBC would like to satisfy the judgment, it is simply impossible for the WBC to pay Mr. Rocchigiani the staggering $31 million dollar award. Still, at all times, the WBC has done everything in its power to comply with the procedures and orders of the Federal Court in New York and of the Bankruptcy Court in Puerto Rico. In a last attempt to give Mr. Rocchigiani redress, the WBC recently made a substantial monetary settlement offer to Mr. Rocchigiani. Unfortunately, Mr. Rocchigiani rejected this generous offer, which itself far exceeds what Mr. Rocchigiani could hope to recover in WBC liquidation proceedings.