Mossimo Inc (OTCBB:MGXO.OB) has announced that the United States Bankruptcy Court dismissed the involuntary bankruptcy petition filed against the company on May 16, 2000. Founder and president Mossimo Giannulli commented: "We are pleased to have this issue resolved and we can now fully concentrate our energies on growing our business with the Target Corporation (NYSE:TGT). We want to thank them for their support during this process and look forward to capitalizing on the opportunities that lie ahead."Founded in 1987, Mossimo Inc is a designer of men's and women's sportswear.