Overview
- The district court in Gera opened self-administration proceedings this week, placing decisions under a court-appointed supervisor.
- CEO Turpin Rosenthal attributes the move to a yearslong French dispute in which a former partner won a six‑figure first‑instance award and obtained account garnishments despite an appeal.
- Operations continue in Unterwellenborn with about 100 employees as the company seeks to stabilize liquidity.
- The filing is intended to prevent further transfers abroad, and insolvency pay advanced by the Federal Employment Agency is to be repaid, according to the company.
- A creditors’ meeting is expected in January 2026 to decide the company’s next steps, according to local reports.