Although Cosmed is headquartered in Rhode Island and incorporated in Delaware, it opted to file for bankruptcy in the Southern District of Texas. This decision was influenced by the bankruptcy of its affiliate, Spicey Partners Real Estate Holdings LLC, which is also located in the district.
Court Proceedings and Case Details
The Chapter 11 case has been assigned to U.S. Bankruptcy Judge Chris Lopez in the Southern District of Texas. The company hopes to restructure its finances under court supervision while addressing the mounting litigation related to its use of ethylene oxide.
