Bankruptcy News

Stay up to date on corporate Chapter 7 and Chapter 11 bankruptcy activity with these breaking, actionable news reports.

Healthcare Equipment & Services

Unigene Laboratories Chapter 7 Petition Filed

July 2, 2013
/ Print /
| Share More
/ Text Size+

Unigene Laboratories filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of New Jersey, case number 13-24696. The Company, which engages in biopharmaceutical research, production and drug delivery of small proteins referred to as peptides for therapeutic use, is represented by Matthew E. Tashman of Reed Smith. As a result of the bankruptcy filing, a Chapter 7 trustee will be appointed by the Court and will assume control of the Company. All remaining assets of the Company will be liquidated in accordance with the Bankruptcy Code. According to documents filed with the SEC, concurrent with the Chapter 7 filing, the employment of all remaining employees of the Company, including Ashleigh Palmer, president and C.E.O., and Jack Wyszomierski, C.F.O., treasurer and secretary, was terminated. As a result, the Company no longer has any employees. In addition, Richard Levy, Ashleigh Palmer, Thomas J. Sabatino, Jr., Joel A. Tune and Jack Wyszomierski resigned from the board, and the Company has no current board members.  

Read more Bankruptcy News

Turnaround Investment Strategies

stock market advice

stock market advice

Distressed Investing Blog

Distressed Investing Blog

Cash in on Interest Rate Hike with Bank Stock Picks

Investors have found many things to dislike about banks, such as increasing regulation and low lending margins in these days of miniscule interest rates. I think the banks may be about to fare better, making them one of the few sectors that look cheap in the current market. Read More.

Your Financial Security is Serious Business...

so why should you trust The Turnaround Letter?

  • Ranked as #1 Performing Newsletter for 15-Yr. Returns: Turnaround Letter's 12.7% vs. S&P's 2.7%
  • 28+ Years of Turnaround Investing Experience & Reliable Stock Market Advice
  • Diverse Monthly Stock Picks Personally Selected by George Putnam

Dividend Turnaround Stock Picks

In this MoneyShow.com "Daily Guru" feature interview,George details three key advantages of dividend-paying turnaround stocks—and names four timely value investing stock picks suitable for conservative investors looking to cash in!

 

Dividend Turnaround Stocks