Apex Digital Files For Chapter 11

Walnut-based Apex Digital, a manufacturer of televisions, Blue-Ray and DVD players, set-top boxes, and other electronics products, said Tuesday afternoon that it has filed for Chapter 11 Bankruptcy. According to the firm, it will use the restructuring to grow in a "new direction" focused on green energy lighting. As part of the bankruptcy filing, the firm said it is looking to transfer the trademark "Apex Digital"--which is owned by a third party--to a new licensee, and will provide customer support and warranty service for Apex Digital products in the U.S.