Newspaper Article About the Fall of Umbrella


 * Domestic Branch of Umbrella to Dissolve


 * TOKYO, JAPAN: Today, the Japanese branch of multinational
 * corporation Umbrella Pharmaceutical Incorporated accounce
 * its dissolution and began liquidating assets. Its parent company
 * declared bankruptcy earlier this week.


 * Umbrella established its Japanese branch in 1984 for the initial
 * purpose of importing pharmaceuticals developed in America. In
 * 1987, it completed the Umbrella Japan Research Center, which
 * used biotechnology to pursue independent research and pharma-
 * ceutical development.


 * Umbrella's stocks ad been on the decline following accusations
 * regarding the 1998 "Raccoon City Tragedy," and the blow to pub-
 * lic image has caused its sales to stagnate. With Umbrella recently
 * found liable in the numerous lawsuits filed against them in the wake of
 * that same tragedy, the company was forced to declare bankruptcy.


 * The Japanese branch of the company has been looking for new
 * sources of fnding in recent weeks, but received no offers from
 * pharmaceutical or other companies at home or abroad. The deci-
 * sion to close was made in light of this fact.


 * (Excerpt from a certain newspaper's morning edition. 3/15/2004)