LumaStream: St. Pete's LumaStream files for bankruptcy, says it is 'financially restructuring'

St. Petersburg-based LumaStream has filed for Chapter 11 bankruptcy in a move to financially restructure after being sued by a former shareholder. The company was founded in 2010. "After 10 years, we are finally becoming a recognized and viable lighting solution. Financing this mammoth undertaking has been a struggle," a LumaStream statement to the Tampa Bay Business Journal from CEO Eric Higgs states. "As a result, our ability to expand our product line and execute our core strategies has been...