Ecotality Goes From Electric Car Chargers To Ch. 11

Law360, New York (September 17, 2013, 4:40 PM EDT) -- Ecotality Inc., maker of electric car charging stations, filed for Chapter 11 bankruptcy in Arizona on Tuesday, after its electric vehicle infrastructure project, funded by the U.S. government through the Recovery Act, saw dismal commercial sales and declining revenues.

San Francisco-based Ecotality reported between $10 million and $50 million in assets and from $100 million to $200 million in liabilities owed to nearly a thousand creditors.

In an SEC filing last month that warned of a potential bankruptcy, Ecotality said a number of problems had coalesced...
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