NY Electronics Packaging Co. Seeks Ch. 11 After $100M Loss

Law360, New York (July 11, 2013, 2:04 PM EDT) -- An Endicott, N.Y.-based electronics packaging supplier that catered to IBM Corp. and the U.S. Department of Defense on Wednesday sought Chapter 11 bankruptcy protection after suffering $100 million in operating losses in the last four years.

Endicott Interconnect Technologies Inc. said in court documents that its revenues have dropped from a high of $414 million in 2008 to less than an estimated $100 million for 2013 thanks to increased competition and reduced contract opportunities with the federal government as a result of the sequestration and and...
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