Boutique Investment Bank ThinkEquity To Liquidate In Ch. 7

Law360, Wilmington (November 7, 2012, 8:38 PM EST) -- San Francisco-based investment banking boutique ThinkEquity LLC filed for bankruptcy in Delaware on Tuesday to liquidate its assets, less than a month after shuttering its stock trading operations.

The company, which listed $7 million in assets against $3.2 million of debt in its Chapter 7 petition, began winding down the business on Oct. 17, according to Eliza Sporn Fromberg, a managing director at the firm. It had around 100 employees at the time, she said.

In its petition, ThinkEquity said its former business involved serving as...
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