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SCORE BOARD TO LIQUIDATE ASSETS TO PAY CREDITORS
Published May 15, 1998
NJ-based memorabilia company Score Board Inc. plans to liquidate its assets to pay creditors, according to a WALL STREET JOURNAL report. The company, which has been operating under Chapter 11 bankruptcy protection, said it expects to be delisted by the NASDAQ "because it can't meet minimum requirements for listing." The company also plans to sell its inventory and its intellectual property, trade fixtures and "certain other assets" in about a month. Score Board President John White resigned and was succeeded by F. Duffield Meyercord (WALL STREET JOURNAL, 5/15).