Veritec Back In Chapter 11 After Deal With Mitsubishi

Law360, New York (March 10, 2006, 12:00 AM EST) -- Banished to Chapter 7 liquidation two months ago, Veritec’s contentious bankruptcy case has landed once again in the Chapter 11 arena, after the bar code manufacturer reached a new deal with Mitsubishi Corp. and other creditors this week.

The Minnesota-based company, which develops and provides high density bar coding for the manufacturing and security industries, announced the news on Thursday, noting that it must now submit a new plan of reorganization to creditors.

“We are pleased to reach the settlement with Mitsubishi and appreciate their support...
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