Pareteum filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
MobiTV voluntarily filed for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process. FTI Consulting is serving as the company’s financial advisor.
Glenn Tobias has been named CEO of FTI Capital Advisors. Asher Cohen, Peter Gray and James McClain joined as managing directors.