The privately owned and operated bus service known as Leap never recovered from its brush with regulators in May 2015.
"Leap Transit, the venture-backed private bus company that served on-board coconut water, has officially gone bankrupt," reports Cyrus Farivar.
Joe Fitzgerald Rodriguez originally broke the news, months after the company filed Chapter 7 under the United States bankruptcy Code. According to Rodriguez, "The bankruptcy only came to light as the website 'West Auctions: Commercial Auctions and Asset Services,' advertised two buses in Leap transit colors for sale, replete with Leap’s logo."
Rodriguez also notes that backstory of the company's chronology as a scofflaw—the final straw for the company seems to have come when "California regulators issued a cease-and-desist order to the company for running without permits" in May of this year.
The article by Farivar has more links to articles about Leap in the past, including a choice soundbite from San Francisco Supervisor John Avalos, who was not a fan of Leap, to say the least.
Read the full story: Leap files for bankruptcy, auctions off remaining buses
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