Gateway Slams MPC Disclosure Statement As Lacking

By James Armstrong

Law360, New York (February 16, 2010, 2:10 PM ET) -- Gateway Inc. has filed an objection to MPC Computers LLC's disclosure statement, saying it is inadequate and should not be approved until the company provides more information on how it will affect creditors.

On Friday Gateway filed its objection in the U.S. Bankruptcy Court for the District of Delaware, asking the court to deny approval of the statement, which it said lacks adequate information, including information relating to MPC's acquisition of Gateway's small-business unit in 2007.

MPC's disclosure statement lacks information sufficient to permit creditors to...
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