Benesch Partner Seth Kleinman was quoted in SupplySide regarding a “misunderstanding” that’s been resolved “expeditiously and amicably” between Redcon1 President Eric Hart and with Hi-Tech Pharmaceuticals’ Jared Wheat. Seth, who is not involved in the Hi-Tech/Redcon1 case, was asked about an involuntary bankruptcy petition. Seth states, “When several unsecured creditors of a company believe that the management of the company itself is doing something with the funds of the company that is improper and that the company is already insolvent or will become insolvent because of one of these improper transactions.”
To read the full article, click here: Redcon1 dodges Chapter 7 bankruptcy fight