SAN DIEGO, March 31, 2017 (GLOBE NEWSWIRE) — Mad Catz Interactive, Inc. (the Company) (OTC Pink:MCZAF) announced that, with the authorization and approval of its Board of Directors, it and its subsidiary, 1328158 Ontario Inc., made a voluntary assignment in bankruptcy on March 30, 2017, pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). Pursuant to the assignment in bankruptcy, PricewaterhouseCoopers Inc. (PWC) has been appointed as the trustee in bankruptcy of the Companys estate. The Companys wholly-owned subsidiary, Mad Catz, Inc., ceased operations and also has filed a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code to initiate an orderly liquidation of the assets of th…
Read the full article at: https://globenewswire.com/news-release/2017/03/31/947561/0/en/Mad-Catz-Makes-Voluntary-Assignment-in-Bankruptcy-under-the-Bankruptcy-and-Insolvency-Act-Canada.html
