Wrist Wear Co. Hits Ch. 11 With Plans To Sell IP, Sue Apple

Law360 (March 1, 2018, 9:51 PM EST) -- A developer of high-tech wrist wear that allows users to track their physical activity and signal when they are in distress filed for bankruptcy on Wednesday, saying it plans to liquidate in Chapter 11 and potentially pursue patent infringement and other claims against Apple Inc. over its product technology.

San Antonio-based startup WiseWear Corp. said it is no longer feasible to stay in business after it was unable to acquire $2 million in venture capital financing. The 5-year-old company, which develops wearable wrist technology designed to double as chic jewelry, said it intends to maximize creditor recoveries as it winds down...

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