LMI Solutions Goes into Receivership

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Phoenix, AZ-based cartridge remanufacturer LMI Solutions is going into receivership. Court proceedings were initiated August 12 by Midcap Financial, LMI’s lender, in the Superior Court of the State of Arizona in and for the County of Maricopa. The move comes after LMI informed MidCap that continued operations might not be sustainable because of a partnership

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