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Helmet Startup Sued By Ex-Employee, Aims For Ch. 7

By Melissa Daniels (August 10, 2016, 8:19 PM EDT) -- High-tech motorcycle gear startup Skully Helmet Inc. has announced plans to file for Chapter 7 bankruptcy after an eye-popping lawsuit was filed in California state court by a former employee who says the company co-founders spent their crowdsourced funding on lavish personal expenses like cars, apartments and strip clubs....

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