TV Maker Syntax-Brillian Files For Ch. 11

Law360, New York (July 8, 2008, 12:00 AM EDT) -- Syntax-Brillian, the maker of Vivitar cameras and Olevia high-definition televisions, filed for Chapter 11 protection Tuesday, capping a disastrous period for the company that saw its stock price crash amid weak sales, lawsuits and internal turmoil.

In court papers filed in U.S. Bankruptcy Court for the District of Delaware, the company said it plans to sell some of its assets to a newly created entity, Olevia International Group, which has agreed to assume $60 million of the company's secured debt.

The new entity is owned by...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.