We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Embattled Medical Device Maker Files Ch. 11

Law360 (June 20, 2007, 12:00 AM EDT) -- Weeks after medical device maker DOBI Medical International Inc. settled claims of securities fraud, the company filed for Chapter 11 bankruptcy protection.

The New Jersey-based medical device developer and manufacturer filed for bankruptcy last week, listing $53,923 in total assets and $7,593,537 in total debts. DOBI has retained Herrick Feinstein LLP to represent the company in the proceedings.

The company ceased operations in June 2006, citing a lack of funding to support continued production.

The Chapter 11 filing came just a few weeks after DOBI agreed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.