NMT Medical Inc. (PINK:NMTI) began liquidating its assets in an attempt to repay its creditors. Officials at the Boston, Mass.-based company said it entered into an Assignment for the Benefit of Creditors, effective immediately. The legal maneuver is an alternative to formal bankruptcy that transfers all of NMT’s assets to a designated party, which can […]
These are hard times at NMT Medical Inc. (Public, PINK:NMTI), where officials said the company doesn’t have enough money to pay for its annual earnings filing with the federal Securities & Exchange Commission. Company officials said in Sept. 2010 that its existing cash resources were “not sufficient to fund our business plans, as currently constituted, […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.