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Storage Firm Drobo Files for Chapter 11 Bankruptcy

Thursday July 7, 2022. 12:40 AM , from Slashdot
Longstanding Thunderbolt and network-attached storage company Drobo filed for Chapter 11 bankruptcy in late June, and will hold its first creditors meeting on July 17. AppleInsider reports: First formed as Data Robotics in 2005, Drobo manufactured solutions for remote and network storage. Parent company StarCentric filed bankrupcy papers with the California Northern Bankruptcy Court (San Jose) on June 20, 2022. According to official court documentation, the company is to hold its first creditors meeting on July 19. There is also a final deadline for filing claims against the company, which is October 17, 2022.

The company has no commented publicly on the decision. However, the company appears to have been badly affected by the coronavirus. Drobo's online US and European stores are currently both showing every product as sold out. The Chapter 11 filing implies that the company is trying to reorganize and return to full operations at some point. It isn't yet clear what the reorganization will look like, nor the magnitude of the creditors' demands.

Read more of this story at Slashdot.
https://hardware.slashdot.org/story/22/07/06/206202/storage-firm-drobo-files-for-chapter-11-bankrupt...
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