BRIEF-Hero MotoCorp says Erik Buell Racing to cease ops from April 16

Published 16-04-2015, 08:21 am
© Reuters.  BRIEF-Hero MotoCorp says Erik Buell Racing to cease ops from April 16

April 16 (Reuters) - Hero MotoCorp Ltd HROM.NS :

* Invested $25 million in Erik Buell Racing, inc

* Board of ebr has passed a resolution for an assignment for the benefit of

creditors of Wisconsin statutes for itself and unit

* Ebr and subsidiary will also be ceasing their operations with effect from

April 16, 2015

* Board passed resolution to direct proposed assignee or his counsel, to file

such assignment in court for county of walworth

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