Just prior to a scheduled hearing to determine sanctions in the Proveris Scientic vs. InnovaSystems case that was scheduled for September 6, 2011, InnovaSystems filed for bankruptcy, indefinitely delaying the hearing. The petition for Chapter 11 bankruptcy filed on September 2 in New Jersey lists two law firms that represented Innova in the patent infringement case as the company’s largest unsecured creditors.
Debts claimed by the two legal firms total more than $330,000. Becker and Meisel, the firm which had represented InnovaSystems most recently was granted a motion to withdraw from the case in May 2011.
According to Proveris CEO Dino Farina, his company plans to petition for a reinstatement of the sanctions trial. The next bankruptcy hearing for Innova has been scheduled for October 3.
