Pareteum Corporation

  1. November 03, 2022

    Pareteum Trustee Says Execs Can't Draw On D&O Policies

    The trustee overseeing the liquidation of Pareteum Corp. asked a New York bankruptcy judge on Thursday to reject a request by executives for insurance coverage for a shareholder settlement, saying the policies are the property of the Chapter 11 estate.

  2. June 15, 2022

    Pareteum Gets Preliminary OK For $6M DIP As Sale Nears

    A New York bankruptcy judge gave telecom software maker Pareteum Corp. preliminary approval on Wednesday to tap $6 million in Chapter 11 financing after hearing that it needs the funds to reach a sale to its stalking horse bidders next week.

  3. May 27, 2022

    Pareteum Says It Faces Six-Week Deadline For Ch. 11 Sale

    A New York bankruptcy judge struck a compromise Friday, delaying for the weekend a decision on sale plans for telecom software maker Pareteum Corp., as creditors questioned the short sale timeline but the debtor argued it only has six weeks before it loses its officers.

  4. May 17, 2022

    Ch. 11 Cheat Sheet: Pareteum Corp.

    Communications software maker Pareteum Corp. has entered Chapter 11 in a New York bankruptcy court, saying it is seeking a 40-day asset sale after its drive for profitability was derailed in part by the discovery of inflated revenue reports.

  5. May 16, 2022

    Telecom Software Co. Hits Ch. 11 With $80M Debt, Sale Plans

    Communications software maker Pareteum Corp. has filed for Chapter 11 in a New York bankruptcy court, saying it is seeking a quick sale to deal with $79.8 million in debt after its drive for profitability was derailed in part by the discovery of inflated revenue reports.