Laser developer and manufacturer Deep Photonics Corp . filed for chapter 11 on Friday amid a dispute with its former chief executive, who the company says violated his contract and unlawfully used trade secrets, Dow Jones DBR Small Cap reported yesterday. The company did not provide specific reasons for entering chapter 11 in court documents, but said that the $500 million laser market is underserved and is expected to grow 30 percent in the next five years.
