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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.
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    Battery Maker A123 Systems Wins Final Bankruptcy Approval post image

    Battery Maker A123 Systems Wins Final Bankruptcy Approval

    Failed battery maker A123 Systems wins final bankruptcy approval and will be permitted to move forward with its reorganization plan, a U.S. bankruptcy judge ruled. U.S. Bankruptcy Judge Kevin Carey approved the company’s plan to exit bankruptcy after using the proceeds from its asset sales to repay its creditors. The battery manufacturer, now named B456 Systems, faced several […]

    Author: Joel R. Glucksman

    Link to post with title - "Battery Maker A123 Systems Wins Final Bankruptcy Approval"
    Chinese Buyer Changes Bankrupt A123 Systems' Name to B456 post image

    Chinese Buyer Changes Bankrupt A123 Systems' Name to B456

    In a streak of creativity following its purchase of bankrupt battery maker A123 Systems, Chinese firm Wanxiang Group changed the company’s name to B456 Systems and announced its plans to renew operations within the U.S. After filing the new name with the U.S. Securities and Exchange Commission, Wanxiang said it plans to maintain the company’s […]

    Author: Joel R. Glucksman

    Link to post with title - "Chinese Buyer Changes Bankrupt A123 Systems' Name to B456"

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