ECT Device Maker Mecta Corp. Files Chapter 11 After Lawsuits Hinder Access to Liability Insurance
On September 30, 2021, ECT device manufacturer Mecta Corp. filed chapter 11 bankruptcy amid lawsuits hindering their liability insurance eligibility. Financial pressure from combined lawsuits and lack of insurance led to the discontinuation of the SpECTrum device On September 1st, 2021, according to the Debtors.