The Texas company that once held the license to sell the Zerona fat-melting laser machines, which offers incision-free liposuction in the offices of cosmetic surgeons, has filed for bankruptcy protection to try to keep its grip on its recently terminated licensing agreement with the laser’s manufacturer, the Wall Street Journal Bankruptcy Beat blog reported on Friday. Primcogent Solutions LLC filed for chapter 11 protection on May 20, claiming that the laser’s manufacturer misled company officials into thinking that roughly 600 lasers were out in the market and generating revenue when the two groups entered into a licensing and distribution deal in late 2011. Primcogent officials said in court papers that the Zerona laser users later began returning them sooner than they expected, making it tough for the company to make payments on a $12 million loan and the royalty payments owed to the laser’s manufacturer, Erchonia Corp.
