Bankrupt MPC Buries The Hatchet With Gateway

Law360, New York (October 5, 2010, 4:39 PM EDT) -- MPC Computers LLC has asked a bankruptcy court to approve a settlement resolving all its disputes with Gateway Inc., which has claimed that MPC owes it nearly $16 million.

MPC filed a motion Monday in the U.S. Bankruptcy Court for the District of Delaware seeking approval for a settlement among MPC, Gateway and the official committee of unsecured

creditors of the debtors’ estates that dispenses with the adversary proceedings the companies have lodged against one another.

Under the terms of the settlement, MPC has agreed to...
To view the full article, register now.