HemCon Files for Bankruptcy
Posted on Apr 11, 2012 4:55pm PDT
HemCon Medical Technologies has reportedly filed for Chapter 11 bankruptcy. According to reports, the business filed for reorganization as a way to handle debt while keeping operations going as normal. The business had to file for
bankruptcy as they were recently hit with an adverse patent infringement ruling that resulted in $34.2 million in damages for them to pay.
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