Polaroid Corp. is back in bankruptcy for the second time this decade, and they are blaming their financial troubles this time not on the digital camera revolution but on the late September arrest of their parent company's owner, Tom Petters, on massive fraud charges. The interesting question now is: Which firm is going to get the bankruptcy work for the Minnetonka, Minn.-based company?
Polaroid Files for Bankruptcy, Again
The American Lawyer
December 22, 2008