Psystar files for bankruptcy, delays Apple lawsuit
updated 01:55 pm EDT, Tue May 26, 2009
Psystar files for Ch. 11
Psystar has filed for Chapter 11 bankruptcy protection through a federal court in Florida, documents show. Although a sign of serious financial trouble, the move will also grant the Mac cloner a temporary reprieve from an Apple lawsuit, charging Psystar with breaking the Digital Millennium Copyright Act and the license agreement for Mac OS X Leopard. All legal actions against Psystar have been put on hold while bankruptcy proceedings get underway; the hold may be lifted within a few months, at the discretion of the judge.
A moment of crisis could come for Psystar on June 5th, the first date of the bankruptcy hearings. The company will be forced to disclose its equity creditors at that time, which may either confirm or debunk Apple suspicions that Psystar has an unusual amount of outside support. Some 10 groups or individuals are argued to have contributed to Psystar's actions, though Apple has so far been unable to name them.
Despite the filing Psystar is continuing to sell its cloned PCs, such as the Open(3) computer. The systems come preloaded with Leopard, but only as a result of unauthorized hacking methods. The company has pursued a countersuit against Apple, accusing it of abusing copyright to block hardware competition.
scum
05/26, 02:36pm reply
can't believe anyone would piss away money buying a computer from this fly-by-night outfit.
climacs
Fresh-Faced Recruit
Joined: Sep 2001
Go Get 'Em Apple
05/26, 02:46pm reply
When Rudy couldn't produce documents about his company (or I should say "wouldn't) that was a sign of "Get the money while we can and see how much we can keep later." Get the $$$ now and we'll get loyal fans and support. I don't feel sorry for any chumps who bought this system. Rudy isn't ignorant, but the buyers are.
Bobfozz
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Joined: Jul 2008
haha
05/26, 02:49pm reply
I smell chicken feathers.
nomadman
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Joined: Aug 2008
Oops
05/26, 02:52pm (1 reply) reply
Equity creditors may have to come forward, but not someone that gave Psystar a "gift" with an unwritten contract for more "gifts" if things go their way. Certainly extremely easy to hide.
Perhaps the judicial heat was getting too hot, so Psystar just pulled the plug in hopes that the discovery process disappears.
With the reported lack of financial records, it seems like understanding Psystar's cash flow would be almost impossible. And therefore any creditors would have been foolish to loan them any money.
Jittery Jimmy
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Joined: Jan 2006
Let 'em die
05/26, 06:17pm reply
These scummy SOBs deserve to die on the vine.
Mr. Strat
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Joined: Jan 2002
Let 'em die
05/26, 06:17pm reply
These scummy SOBs deserve to die on the vine.
Mr. Strat
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Joined: Jan 2002
This is getting good
05/26, 07:06pm reply
I can't wait to read the next chapter (no pun intended).
kerryb
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Joined: Aug 2001
Alternatives?
05/28, 07:36am reply
Do you like mushrooms? So look on the additional alternative rising as mushrooms after rain. For your convenience in automated translation http://translate.google.com/translate?prev=hp&hl=en&js=n&u=http://russianmac.ru/&sl=ru&tl=en&history_state0=
honest_luk
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Joined: May 2009