Feeds

One man+dog derails eMachines takeover

Temporary restraining order

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.