date:Mar 03, 2014
panish regulators and allegations of financial malfeasance. The ongoing procedures led to the removal and replacement of the company's President and CEO, and the entire board of directors.
Now, the company has to present a plan to a bankruptcy court judge detailing how it will proceed in the future, including who will control the company, and who will help finance its debts. The negotiations have continued in the last few days resulting in the preliminary agreement published yesterday by severa