PCT International Wins Judgment Allowing PPP

TEMPE, AZ – June 16, 2020 – Arizona Bankruptcy Judge Paul Sala issued an order declaring that PCT International, Inc. (PCT) is eligible to participate in the U.S. Paycheck Protection Program. SBA had sought to exclude PCT and other companies reorganizing in Chapter 11 from participating in the program. The Court found that Congress clearly set forth the qualifications for…

View Full Post

PCT International Files Plan of Reorganization

TEMPE, AZ – June 9, 2020 – PCT has filed its reorganization plan in the U.S. Bankruptcy Court. PCT has the full support of its supply chain partners and lenders, allowing it to continue to serve its domestic and international customers. Additional capital contributions from shareholders are included in PCT’s plan, and the plan provides for full payment of its…

View Full Post

PCT International Averts Hostile Takeover Attempt

MESA, AZ – February 5, 2020 – The U.S. Bankruptcy Court has granted motions filed by PCT International, Inc. to permit continued business operations of the company while it reorganizes in a Chapter 11 case. In granting PCT’s “First Day” motions, the Court has rejected objections filed by one of PCT’s former vendors aimed at gaining control of PCT and…

View Full Post

PCT Takes Legal Action To Protect Against Hostile Takeover

MESA, AZ – December 2, 2019 – Following the filing of an Involuntary Petition by an adverse party, PCT International, Inc. has moved to convert the filing to Chapter 11 in order to protect itself from hostile actions aimed at gaining control of PCT and its intellectual property rights. PCT’s lenders are committed to the company with Sallyport Commercial Finance…

View Full Post

The Latest Numbers Show Piracy Network Targeting PCT

  MESA, AZ – September 6, 2019 – The numbers are staggering – there are over 175 cases of cheap knock-offs and counterfeits of PCT International, Inc. (PCT) products on websites originating from China and Taiwan, and the numbers are growing as more and more PCT products are pirated and added to such websites. In addition, many resellers hawk these…

View Full Post

PCT Pursues Legal Malpractice Case involving EZconn in Taiwan

MESA, AZ – August 13, 2019 – PCT International, Inc. (PCT) has engaged the nationally renowned law firm of Beus Gilbert, PLLC of Phoenix, Arizona, to represent it in a malpractice case against PCT’s former counsel, Robins Kaplan, LLP. PCT had filed complaints against its former vendor, EZconn Corporation, a Taiwan company, and against EZconn’s principals, alleging a number of…

View Full Post

NEWS ARCHIVE