CHOICE Genetics USA LLC (CGUSA) announced that it has satisfied all of the effective date conditions under its confirmed first amended joint plan of reorganization.
CGUSA filed its Chapter 11 reorganization case on Feb. 13, 2014, in order to provide time to negotiate a resolution with Scidera Inc. after an unexpected, unfavorable decision on a contract dispute by an arbitration panel.
"CGUSA was successful in negotiating a t
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