Powerwave Lender's Cash Grab Prompted Ch. 11, Atty Says
At a first-day hearing in Delaware bankruptcy court, Powerwave attorney Mark Thomas of Proskauer Rose LLP described the company’s filing Monday as a “splat into Chapter 11” after lender P-Wave Holdings LLC moved Friday to recoup cash after declaring a default on a $35 million loan.
“We contend that all the...
To view the full article, register now.