Evident Technologies announced a filing in chapter 11 reorganization today and has asked the Bankruptcy court in Albany, NY to approve a debtor in financing package of $ 1.35 million. The filing was prompted by Evident’s inability to continue paying the exorbitant costs associated with a patent infringement case brought on by a large California-based life science company. The promise of substantial debtor in possession financing triggered by a chapter 11 filing was another driving reason for the...