Mega Brands seeks U.S. bankruptcy court protection
TORONTO (Reuters) – Canadian toymaker Mega Brands , which has been trying to recover from a big product recall several years ago, filed a Chapter 15 proceeding in a U.S. bankruptcy court in Delaware, clearing the way for a key recapitalization vote next month.
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Mega Brands seeks creditor protection in U.S. court
Mega Brands , a Canadian toymaker trying to recover from a big product recall four years ago, filed for protection from creditors with a U.S. bankruptcy court, clearing the way for a key capitalization vote next month.
Read more on Reuters via Yahoo! Canada News
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Revamped brands are key to Chrysler turnaround
Chrysler sold morethan 118,000 Sebring sedans in 2001. Eight years later, the automaker barely sold 27,000 as its bankruptcy filing sent customers fleeing to the car’s newer, better competitors.
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