💥New Chapter 11 Bankruptcy - Casa Systems Inc. ($CASA)💥
Telecom company basically selling for parts, nowhere near clearing debt.
PETITION readers ought to be familiar with Casa Systems Inc. ($CASA); we featured it as “One to Watch” back in late January, quipping, “This casa is looking increasingly unwelcoming.” Well … on Wednesday, April 3, 2024, the MA-based company and two affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Owens), marking the latest in a recent string of telecom companies to dial up a bankruptcy court clerk!
