On November 4, 2015 Freeborn was selected as counsel to the official committee of unsecured creditors of Cardiac Science Corporation (“CSC”), in the U.S. Bankruptcy Court for the Western District of Wisconsin.
Headquartered in Waukesha, Wisconsin, CSC develops, manufactures and sells advanced diagnostic and therapeutic cardiology devices and systems. CSC also provides a portfolio of training, maintenance and support services for its products. The company employs approximately 200 individuals and another 93 part time “educators” around the country who educate CSC’s customers on how to use its products.
As a part of their bankruptcy filing, CSC listed debts of $100 million to $500 million against assets in the $10 million to $50 million range. CSC has approximately 1,700 creditors.
As counsel to the committee, Freeborn intends to work with CSC and other parties to maximize the recovery for unsecured creditors.
A PDF of the News Alert is attached.