"The pending litigation has made it very hard for our company to raise the financing that we needed to continue bringing you our exciting services," the company recently wrote in a statement on its website.
On Oct. 13, the company--with over $100 million in debt and between $1 and $10 million in assets--announced that it had filed for Chapter 11 bankruptcy protection.
And on Nov. 16, Scour voluntarily shut down the Scour Exchange.
"We did everything we could to...show the world how new technologies could make entertainment as we know it even better," the company wrote on its website two days before the shutdown. "Obviously, things didn't work out as we hoped."
Toussaint G. Losier '04 says he found Scour Exchange convenient and fun to use, and was disappointed that it was forced to shut down.
"It was a cool way to share information and although I wasn't a regular user, I'm sorry to see it go," Losier writes in an e-mail message.
New beginnings
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