Gateway Loses Bid To Force MPC Ch. 7 Conversion

Law360, New York (March 24, 2010, 2:11 PM EDT) -- A federal judge has shot down Gateway Inc.'s attempt to force bankrupt MPC Computers LLC into Chapter 7 liquidation so it could collect on the nearly $16 million MPC allegedly owes.

Judge Peter J. Walsh on Tuesday denied Gateway’s motion, which MPC contended was a mere litigation tactic that would add time and expense to the case in the U.S. Bankruptcy Court for the District of Delaware.

Judge Walsh provided no written reasons for his order, and the transcript from a March 17 hearing on the...
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