On January 30, 2012, CyberDefender Corporationand XRoads Solutions Group, LLC, a financial advisory firm, entered into a Letter Agreement pursuant to which the Company engaged XRoads to serve as the Company's restructuring advisor to explore the Company's options, including in connection with the Company's possible efforts to reorganize or sell its assets. A link to the 8-k filing can be found here.
Recent court cases have created both the responsibility and an opportunity for municipal officials to consider the ‘solvency’ of their entity. Understanding solvency and supporting the ability to present those facts can positively support negotiations various stakeholders including collective bargaining organizations. XRoads Solutions Group is prepared to help municipal officials and representatives of employee organizations with these analyses and ongoing negotiations to ensure municipal budgets are balanced, public entities are solvent and public officials have met their fiduciary obligations. Please use the link below to view a recently published article co-authored by Bob Tormey, a XRoads principal, describing the present state of play in municipal Solvency. Click Here to View Article
Click Here to view our latest brochure which is an overview of XRoads Solutions Group's capabilities You can download a copy here.
