After a 7-year run Fall River, Mass.-based NuOrtho Surgical filed for Chapter 7 bankruptcy, listing liabilities of $4.74 million and assets of $287,117. Nearly 40 patents were also cited in the filing, some of which had been used as collateral.
Three of NuOrtho’s top officers were listed as creditors for deferred salary and/or unreimbursed expenses, including president & CEO Jeffrey Morrill ($351,242); chief clinical officer Wayne Auge ($849,226); and chief development officer Roy Morgan ($595,359).
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