MX Logic Investors Demand McAfee Info In $15M Bonus Fight

Law360, Wilmington (February 8, 2013, 10:56 PM EST) -- The representative for former MX Logic Inc. shareholders launched a suit in Delaware Chancery Court on Friday demanding that McAfee Inc. provide detailed revenue information so it could properly determine whether investors were entitled to a $15 million bonus under the 2009 merger agreement.

MX Logic investors were bought out by the computer-security giant in a $138 million deal that held out the prospect of two $15 million bonus payments if certain post-deal revenue milestones were passed, but the dearth of data coming from McAfee has...
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