American Biophysics gets set to pay creditor.

From: Providence Journal (Providence, RI) | Date: August 17, 2007 | Copyright information

Byline: Paul Grimaldi

Aug. 17--SOUTH KINGSTOWN -- A state Superior Court judge yesterday approved a lawyer's request to set aside $4.6 million to pay one of the largest remaining creditors of American Biophysics Corp., the defunct maker of the Mosquito Magnet.

Most of American Biophysics' creditors have yet to be paid, as a dispute continues between the trustee handling the company's assets and Ritchie Capital, a Chicago-based investment firm that once held a...

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