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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.