sentences:  Due to severe financial problems following a contract dispute with Philips, on August 16, 2013, Coby Electronics Corporation went out of business, with Gordon Brothers Group acquiring inventory, fixtures, equipment, intellectual property, global trademarks and patents.. Gordon Brothers have stated that they did not assume any of Coby's liabilities, including customer warranties, and they will attempt to revive the company as a consumer electronics firm.hhgregg was the only known retailer honoring warranties for Coby products purchased from their stores, but the retailer has since gone out of business.On December 13, 2013, the Consumer Product Safety Commission announced the recall of multiple Coby flat-screen television due to overheating and fire concerns.