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September 29, 2009
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Shady business practices could save Vectrix
Vectrix Corporation, the financially troubled manufacturer of electric scooters, has declared chapter 11 bankruptcy and has agreed to sell the majority of its assets, free of debt, to a new company, appropriately called "New Vectrix LLC." The move comes after the company cut the majority of its workforce and failed to secure major investment or a government loan or bailout. Vectrix is said to be c...
By
HFL Staff
Sep 28 2009
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