Primcogent Solutions LLC a/k/a Hercules Laser Group LLC files for Chapter 11 Bankruptcy on May 20, 2013
Files for Chapter 11 Bankruptcy
May 20, 2013 | Primcogent Solutions LLC, also known as Hercules Laser Grooup LLC, filed for protection under Chapter 11 of the United States Bankruptcy Code on May 20, 2013. The case is pending under Case No. 13-42368-DML-11 before the Honorable Dennis M. Lynn, United States Bankruptcy Judge for the Northern District of Texas, Fort Worth Division. The Debtor estimates that claims may range from $50-$100 million and assets are in the range of $10-50 million. David Boris is the Chairman of Board of Managers of the Managing Member.[image_frame style=”reflect_shadow” align=”right” alt=”Primcogent Solutions Bankruptcy”]http://chapter11dallas.com/wp-content/uploads/2013/05/Primcogent-Logo.jpg[/image_frame]
Proposed bankruptcy counsel for the Debtor in Possession (DIP) is Andrews Kurth LLP (Paul Silverstein lead counsel).
Santa Barbara Medical Innovations, LL claims $5.0 million in deferred purchase price. Erchonia Medial claims approximately $3.53 million in product contracts and royalties.
According to a press release dated December 13, 2012, Primcogent Solutions, was ranked number 30 amongst Dallas’ 100 fastest-growing privately held companies, as selected by the Dallas 100™ Awards program. Primcogent Solutions offers healthcare products to the medical community. Primcogent Solutions’ signature product ZERONA, manufactured by Erchonia, FDA cleared for the simultaneous reduction of fat from the hips, waist, thighs, and upper arms. Primcogent Solutions also offers non-invasive body contouring technology.