UPDATED at 6:50AM PT with company statement. Global Road has begun its bankruptcy process, as expected, filing for Chapter 11 protection. Following the scenario sources had floated, the filing was made under the Open Road releasing unit, with the IM Global division remaining separate. That maneuver is akin to cutting off a gangrenous limb in order to save the patient.
Global Road Files For Chapter 11 Bankruptcy Protection – Update
Dade Hayes, Deadline.com
Thu, 09/06/2018 - 6:50am
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