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COURT ORDER PREVENTS SALE BY LEADING EDGE
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Financially pressed Leading Edge Products Inc. of Canton has
been ordered to refrain from transferring or selling any of its
assets. The order follows the company's disclosure Wednesday that
it signed an agreement to sell its name and primary business to PC
Systems, a Florida-based computer dealer.
A temporary restraining order was granted yesterday in
Middlesex Superior Court prohibiting the sale of assets to PC
Systems until further order of the court.
The court also gr...
Related newspaper, magazine, and journal articles from HighBeam Research
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LEGAL PROBLEMS MOUNT FOR LEADING EDGE
The Boston Globe
; Leading Edge Products Inc.'s problems mounted yesterday as six dealers pressed to have the firm declared bankrupt and the FBI said it would launch an investigation. The dealers filed a petition in US Bankruptcy Court in Boston claiming the Canton personal computer company owes them $799,000 for
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LEADING EDGE CHAIRMAN ASKS DEALERS FOR SUPPORT
The Boston Globe
; Michael B. Shane, the embattled founder and chairman of Leading Edge Products Inc. of Canton, yesterday urged computer dealers owed hundreds of thousands of dollars by Shane to support the proposed sale of Leading Edge to a Florida computer dealer. Shane pledged to pay the dealers interest on the
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LEADING EDGE TARGET OF ACTION BY DEALER INVOLUNTARY BANKRUPTCY SOUGHT FOR CANTON FIRM
The Boston Globe
; A Seattle computer dealer has begun bankruptcy proceedings against Leading Edge Products Inc., the Canton computer company that owes millions of dollars and is negotiating to be sold. "I want my money, and I want it now," said Jeff Sandine, president of Ballard Computer Inc., in an interview
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WHAT NOW, KING OF THE CLONES? LEADING EDGE FOUNDER FINDS LITTLE MERCY IN CHAP. 11
The Boston Globe
; The public downfall of Michael B. Shane came with astonishing speed. In two brief weeks the temperamental creator of the Leading Edge personal computer tumbled from "King of the Clones" to a multimillion-dollar debtor whose business dealings are being scrutinized by the Federal Bureau of
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LEADING EDGE ACCUSES FIRM OF CLONING
The Boston Globe
; Leading Edge Products Inc., which made its fortune selling IBM-compatible "clone" computers, is itself being cloned -- and doesn't like it. The Canton company filed suit yesterday against fledgling Delta Computer Corp. alleging theft of trade secrets and other charges arising from the defection to
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