netLibrary Files for Bankruptcy ProtectionBy JEFFREY R. YOUNGThe struggling e-book provider netLibrary filed for Chapter 11 bankruptcy protection this month, and the nonprofit library organization OCLC offered to purchase all of the company's assets. The company's fiscal implosion came just five days after one of its investors filed a lawsuit in federal court alleging that netLibrary had overstated its earnings to attract... Copyright © 2008 by The Chronicle of Higher Education Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help |