View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 2, 1987

STORAGETEK PARTNERS II FILING RAISES QUERY OVER REORGANISATION

By CBR Staff Writer

Limited research and development partnership Storage Technology Partners II has filed a request for the US bankruptcy court in Denver to clarify which, if any, partnership claims will continue to exist against StorageTek once the Louisville, Colorado company emerges from its reorganisation proceedings. Partners II was organised to develop high-speed optical disk drive technology for StorageTek. The company’s reorganisation plan states that certain claims may survive confirmation of the plan and could be asserted at a later time. According to Harris Ravine, chief administrative officer of StorageTek, We have had ongoing discussions with representatives of the partners to resolve these issues, just as we have done with many other claimants. StorageTek has expected that such a procedural filing would occur and believes that any potential exposure is adequately covered. We do not believe that this filing will delay our June confirmation or emergence from Chapter XI.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU