Former Pitney Bowes Unit Files for Bankruptcy in Texas

DRF LLC, a recently sold unit of Pitney Bowes Inc., files for Chapter 11 bankruptcy protection in the Southern District of Texas, according to a court filing.

• Estimated liabilities: $100m-$500m
• Estimated assets: $100m-$500m
• The debtor also has used other names including Pitney Bowes Global Logistics and Newgistics, court papers show
• NOTE: Pitney Bowes Announces Value-Maximizing Exit Path for Global Ecommerce Segment
• The case is DRF LLC, 24-90446, US Bankruptcy Court for the Southern District of Texas (Houston)

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