Laser Co. Beats Ex-CEO's Attempt To Dismiss Ch. 11
By Brian Mahoney
Law360, New York (February 7, 2013, 8:59 PM EST) -- An Oregon federal bankruptcy judge on Wednesday declined to dismiss the Chapter 11 case of laser manufacturer Deep Photonics Corp., stifling a bid from the company’s former CEO and others, who had claimed the company was trying to avoid a Delaware state court default judgment related to its $75 million trade secrets suit.
U.S. Bankruptcy Judge Trish M. Brown rejected the motion filed by Deep Photonics' former CEO Joseph G. LaChapelle and its rival nLight Photonics Corp in a one-sentence order. LaChapelle and nLight had claimed...