Dean Guitars' Parent Company Files for Chapter 11 Bankruptcy
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Armadillo Enterprises, the parent company of Dean Guitars, has filed for Chapter 11 bankruptcy due to significant financial difficulties.
The filing comes after a tumultuous few years for the company, which has been embroiled in several high-profile legal disputes.
Most notably, Armadillo lost a lengthy trademark lawsuit to Gibson over guitar shapes, and was ordered to stop marketing and selling certain instruments.
The jury awarded Gibson $1 in damages plus $170,000 in legal fees, with further costs likely incurred as part of this ongoing case.
A video featuring Haunted guitarist Ola Englund discussing his thoughts on the situation is available online.
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