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Archive for May, 2013

All-Electric Vehicle Company Coda Files for Bankruptcy to Re-Focus Business on Energy Storage

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Coda Car

With a single-charge range of only 90-125 miles, it may not come as a complete surprise that the green auto-maker, Coda Holdings, only sold 100 of it’s sedans and filed for Chapter 11 bankruptcy protection.

Coda’s plan is to re-focus their business on energy storage, which has far fewer research and development costs. Coda will be able to use the same energy storage mechanisms they put in their failed sedans into systems for buildings and utilities.

Federal Bankruptcy Judge Asked to Ban Girls Gone Wild Founder Joe Francis From Corporate Offices

Written by Bruce Feinstein, Esq. on . Posted in Bankruptcy Blog

Joe-Francis-Girls-Gone-Wild-Creator-joe-francis-33081328-470-313

A federal judge was asked to ban Joe Francis, the founder of the soft-core Girls Gone Wild franchise, from the company offices. The trustee running the company alleges he is a violent man who has threatened company employees.

According to papers filed by the bankruptcy trustee R. Todd Neilson, Francis threatened GGW Brands LLC employees with “violent acts”. Girls Gone Wild filed bankruptcy after a lawsuit involving Wynn Las Vegas LLC and others last February.

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