Tag Archives: bankruptcy

OCZ Storage Solutions, formerly OCZ Technology Group prior to Toshiba Corporation purchasing the bulk of their assets during bankruptcy proceedings, has defined their warranty position for products purchased prior to the bankruptcy filing.  As is often the case in such an acquisition, Toshiba Corporation purchased assets of OCZ Technology Group; but many liabilities, including any outstanding warranty coverages, were excluded …

OCZ Technology Group, Inc., a prior leader in high-performance solid state drive (SSD) technology for client and enterprise markets, has announced that they have received approval from the United States Bankruptcy Court for the District of Delaware to transfer the substantial portion of the SSD-related assets to Toshiba Corporation.  Many have asked if the OCZ name would live on under …

Early this morning, OCZ issued a press release that Toshiba had successfully purchased OCZ under a Chapter 11 Bankruptcy agreement for 35 millions dollars.  This is great news for the millions of present OCZ customers who have been holding their breath as we will now see OCZ opens its doors once again, and serve existing and future OCZ customers during …

OCZ Technology, provider of high-performance solid state drives for both consumers and enterprise, has announced that Hercules Technology Growth Capital, Inc. has taken exclusive control of the company’s depository accounts at Silicon Valley Bank and Wells Fargo Bank, NA.  As stated in OCZ’s recent SEC filings, OCZ and Hercules were parties to a loan and security agreement, the terms of …