Feeds

One man+dog derails eMachines takeover

Temporary restraining order

  • alert
  • submit to reddit

Top three mobile application threats

An "intervenor plaintiff" has thrown a legal spanner in the works of the proposed management buyout of eMachines, the ailing budget PC maker.

He's called John Hock and he's a member of a class action suit which accuses the company of supplying some PCs with defective floppy disk controllers.

The eMachines takeover does not leave enough to cover potential damages, he argues; and so he's applied for a temporary restraining order.

This stops eMachines from 'merging with EM Holdings Inc. and from using the assets of eMachines to pay or satisfy any debts or obligations of another person, including any shareholder or corporation who acquires its stock or whose stock it acquires or who is part of or merges with eMachines or who is in any way related to the transaction with EM Holdings Inc."

The order expires on December 28. Hock will be back on December 31, assuming he posts a $5,000 bond, to argue his case.

eMachines is reviewing its legal options, while the buyout vehicle, EM Holdings, is hiring lawyers to see what they can do to overturn the order.

eMachines last month agreed to sell itself to company founder Lap Shun "John" Hui, the sole owner of EM Holdings. for $161m. ®

Related story

Emachines sells itself to founder

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.