Ernest Demaray, co-founder of Symmorphix, will pay $600,000 for the remaining patents and assets of Springworks, according to court filings seen by the Pioneer Press.
The corporate venturing unit of collapsed business conglomerate Petters Group Worldwide has reportedly been sold to the businessman behind one of its portfolio companies, pending court approval.
Ernest Demaray, co-founder of Symmorphix, will pay $600,000 for the remaining patents and assets of Springworks, according to court filings seen by the Pioneer Press.
The court filings were made in a federal civil case that stemmed from the collapse of Petters’ business group in 2008 when a $3.5bn Ponzi scheme, or fraud,…
