JoWooD Declares Bankruptcy

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JoWooDLate last week, JoWooD Entertainment AG declared insolvency, noting that "all efforts towards restructuring of capitalization concerning outside capital as well as equity capital had to be considered as failed..." Management is negotiating with investors and creditors to keep the company running.
JoWooD is also suing Koch Media arguing that Koch owes JoWooD €2.36 million because of misvalued accounts receivable.

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This page contains a single entry by Editor published on January 11, 2011 7:45 PM.

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