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Yota Devices declares bankruptcy following legal fights with display manufacturer

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In an era where most smartphones all look and function mostly the same, it’s always a shame to see more interesting designs fall flat. Russian-based phone manufacturer Yota, best known for its line of Yota Phone devices with rear e-ink screens, has declared bankruptcy and all its assets will be liquidated.

As a report from iGuides explains, Hi-p Electronics (the manufacturer for the e-ink screens used in the Yota Phones) sued Yota Devices for $126 million, after Yota failed to meet the minimum number of component orders, following the company’s exit from the North American smartphone market.

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Yota Devices declares bankruptcy following legal fights with display manufacturer was written by the awesome team at Android Police.