Cardiac Science Corporation files for bankruptcy
Opto Circuits (India) announced that one of the Company's subsidiary company, viz Cardiac Science Corporation, USA, has filed voluntary petition under Chapter 11 of the US Bankruptcy Code to Facilitate Debt Restructuring in US Bankruptcy Courts in the Western District of Wisconsin on 20 October 2015.The above action is initiated by the secured lenders to the Company for such filing and the management of Opto Circuits (India) is taking effective legal recourse required in this regard.
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