Section: Communications, Cellphones, Cellular Providers, Mobile

Its hard to forget the death of Amp’d Mobile, it seemed like a drawn out death that came to a slow end. Eventually they did close their doors and the remaining customers were soon after sold to Prexar. You would have thought Amp’d was by, but it turns out the sale was not ample to cover their debts and who better to go after than the previous CEO and partners. The now closed and bankrupted company Amp’d has decided to sue former CEO Peter Adderton considering he “refused to perform

undoubtful aspects of his employment” and “threatened to take action that would damage” the company. The lawsuit is seeking $1.15 million in payments made. Other than the former CEO, Amp’d is plus looking to reclaim some of those lost funds from other groups to include Merrill Lynch & Co., GE Capital Financial, Latham & Watkins LLP, MTV Networks on Campus and Playboy Enterprises worldly.

Via [mocoNews]

Full Story » | Written by Robert Nelson for Gadgetell. | Comment on that spread »

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Orginal post by Robert Nelson