Knobias Clip Report (12-29-2008) KIDS
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Submitted By Knobias ClipReport
KIDS: Files Chapter 11 Bankruptcy
By Fain Hughes, fhughes@knobias.com
The Parent Company (KIDS) and nine of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code before the United States Bankruptcy Court in Wilmington, Delaware.
In addition, the Company received a Nasdaq Staff Deficiency Letter notifying the Company that it is not in compliance with the requirements for continued listing because of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended November 1, 2008.
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