SignalShare assets auction postponed as SignalShare files for bankruptcy

The planned auction of assets and contracts of Wi-Fi provider SignalShare is now on hold, due to a bankruptcy filing by SignalShare in New Jersey, according to auctioneers hired by NFS Leasing, a company that is suing SignalShare for $7.8 million over alleged fraudulent activities.

In an email Thursday, the auction company said NFS was postponing the planned July 14 auction, which sought to find buyers for SignalShare assets, including software source code and Wi-Fi installment contracts for arenas including the Golden State Warriors’ Oracle Arena. Legal representatives for NFS did not comment, and no case information is yet available from the U.S. Bankruptcy Court, District of New Jersey. We will continue to update this post as more information is obtained.

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