26 May '13, 7pm

Breaking: Better Place announces bankruptcy, board says it 'stands by the original vision'

Better Place Files Court Motion in Israel for Appointment of a Temporary Liquidator Tel Aviv, May 26, 2013; Better Place announces that it has filed a motion with the Lod District Court today to ask for the dissolution of the company and the appointment of a temporary liquidator. In its motion the company stated that in light of its failure to raise additional funds and in the absence of sufficient resources for the continued operation of the business, the company is asking for the court's assistance in protecting the rights of its employees, customers and creditors. Over the past six months, Better Place's management has made fundamental changes in the company, focused its strategy, goals and markets and at the same time has continued to seek additional financing for the business and secure additional models to supplement its current offer. Despite significant efforts ove...

Full article: http://green.autoblog.com/2013/05/26/better-place-announc...

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Another one down: Better Place announces bankru...

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Better Place Files Court Motion in Israel for Appointment of a Temporary Liquidator Tel Aviv, May 26, 2013; Better Place a...

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