Aletheia Research Files for Bankruptcy Protection
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Aletheia Research & Management Inc. filed for bankruptcy after co-founder Roger Peikin sued co-founder Peter Eichler in a dispute arising from a U.S. Securities and Exchange Commission probe into the investment adviser, according to court documents.
Aletheia listed assets and liabilities of $10 million to $50 million in a Chapter 11 petition filed yesterday in U.S. Bankruptcy Court in Los Angeles. Chapter 11 of the federal bankruptcy code is typically used by companies that plan to keep operating while they reduce debt and reorganize.