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Aureal Chapter 11

Faced with operating losses of $26.9 million and the mass resignation of the entire senior management, Aureal filed for bankruptcy protection in a California court. The C...
Faced with operating losses of $26.9 million and the mass resignation of the entire senior management, Aureal filed for bankruptcy protection in a California court. The Chapter 11 insolvency filing is intended to protect the company from its creditors while the board weighs its options. The Aureal board has not year determined whether they will seek new management or shutter the company.

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