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NEW BOARD COULD DELIST RESTRUCTURING L.A. GEAR

          Three weeks after gaining control of "ailing" L.A.
     Gear, its new board announced a "restructuring," eliminating
     the jobs of "about" 60% of the roughly 100 employees at
     headquarters in Santa Monica, CA, according to Kathryn
     Kranhold of the WALL STREET JOURNAL.  Newly appointed Chair
     David Gatto also announced that Company President Bruce
     MacGregor resigned as of last week.  No one has been named
     to fill the position.  CA-based PCH Investments, which
     purchased a 42% stake in L.A. Gear in mid-October, disclosed
     in an SEC filing that the company's board "is considering" a
     number of measures to keep the company "afloat," including
     "a merger, reorganization or liquidation."  It also
     announced that the restructuring could cause the company's
     stock "to be delisted" (WALL STREET JOURNAL, 11/4).

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