FreeLinc Technologies, Inc., along with its affiliate FreeLinc Technologies, LLC, has filed a petitions for relief under Chapter 11 in the Bankruptcy Court for District of Delaware (Lead Case No. 18-11254). Freelink, based in Sherborn, MA, is a research and development company focused on the commercialization and adoption of near field magnetic induction as a new wireless standard. Each debtor reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The First Day Declaration has not yet been filed. No claims and noticing agent has yet been proposed. The cases have been assigned to the Honorable Christopher S. Sontchi.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.