Dot-Coms Start To Face The Prospect Of Bankruptcy

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In recent weeks there has been growing attention upon dot-coms running out of working capital. Attention has initially focused on Peapod Inc., drkoop.com Inc and CDNow.Inc. Each of these companies has recently issued its annual report with a “going concern” limitation. In other words, their independent auditors questioned the ability of each company to continue as a “going concern.”

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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