Thursday, April 16, 2015

Erik Buell Racing Shutters East Troy Plant, Files For Receivership

Erik Buell Racing, the motorcycle company based in East Troy, closed its business at noon Wednesday and filed for receivership in Walworth County Circuit Court, Erik Buell said Wednesday.
       The company had more than $20 million in outstanding liabilities and was no longer able to pay its ongoing expenses, said Tim Nixon, an attorney at Godfrey & Kahn SC, who represents the company. The company's assets are yet to be determined, he said.
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