Item 8.01. Other Events
On October 9, 2015, in connection with the closing of the sale of its assets described in this report, the Company terminated substantially all of its operating employees and ceased its business operations. The Company plans to continue the process of liquidation and winding-down as part of its chapter 11 case before the United States Bankruptcy Court for the District of Delaware until the Company determines the most efficient manner to conclude the chapter 11 case. The Company does not expect to re-commence business operations or that the liquidation of its assets will generate any recovery for the holders of its equity securities
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