LEGAL PROBLEMS MOUNT FOR LEADING EDGE

From: The Boston Globe (Boston, MA) | Date: February 14, 1989| Author: | Copyright information

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 cash they paid in advance for computers that were never delivered.

The FBI said it will look into the firm's business practices. "We are initiating an investigation to determine if there has been any violation of federal law," said John J. Cloherty, office spokesman for the FBI's Boston office. ...

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

COURT ORDER PREVENTS SALE BY LEADING EDGE
; ...of assets to PC Systems until further...attachments on Leading Edge's real estate...of justice." Leading Edge's agreement...business assets to PC Systems for $921,000...Fason, owner of PC Systems, to acquire Leading Edge. "I think it...
LEADING EDGE TO SELL NAME TO MAIN CLIENT DEALERS WORRIED ABOUT THEIR CASH, FIRM'S FATE
; ...negotiates to be sold. PC Systems reportedly planned...have advanced to Leading Edge -- for as-yet-undeliver...quickly to freeze Leading Edge's assets. The sale of Leading Edge to PC Systems for $921,000...computers sold by Leading Edge. The ...
LEADING EDGE CHAIRMAN ASKS DEALERS FOR SUPPORT
; ...product line to PC Systems of Riviera Beach, Fla. Leading Edge's primary business...The sale of Leading Edge to PC Systems is subject to...organized by major Leading Edge dealers, PC Systems informed dealers that Leading Edge ...
LEADING EDGE TARGET OF ACTION BY DEALER INVOLUNTARY BANKRUPTCY SOUGHT FOR CANTON FIRM
; ...the proposed sale of Leading Edge to PC Systems, a computer dealer based...Korean manufacturer of Leading Edge computers. PC Systems has proposed dealers...along with the sale of Leading Edge to PC Systems, saying it is in their...
WHAT NOW, KING OF THE CLONES? LEADING EDGE FOUNDER FINDS LITTLE MERCY IN CHAP. 11
; ...and chairman of Leading Edge Products Inc. of...relinquished control of Leading Edge to a court-appointed...Shane's plan to sell Leading Edge's major operations...spokesman. He blames Leading Edge's financial problems...current cash shortage, Leading Edge ...
LEADING EDGE ACCUSES FIRM OF CLONING
; Leading Edge Products Inc., which made its fortune selling IBM-compatible...charges arising from the defection to Delta of a handful of key Leading Edge employees. Like Leading Edge, Delta contracted with a Korean company to supply IBM- compatible...
CLONES PIONEER STRIPPED OF POWER AT LEADING EDGE
; ...of all management responsibility at Leading Edge Products Inc., the company he founded...bankruptcy trustee in charge of running Leading Edge until it can be sold. "He's been very...will soon be able to resume purchasing Leading Edge personal computers, and more than a...
LEADING EDGE FILES FOR BANKRUPTCY
; ...retain some control over its destiny, Leading Edge Products Inc., parent company of...petitioned for involuntary bankruptcy for Leading Edge Hardware Products Inc. In its petition, filed Tuesday, Leading Edge Products lists total assets of $17...
Assessing the impact: leading edge seminars offer key insights.(Networking)
; ...the key benefits of being a member of Leading Edge, IGD'S networking group for young grocery...in presentations such as Everitt's, Leading Edge seminars are also a great forum for...makes the seminars very worthwhile, say Leading Edge members. Many attending the meeting...
LEADING EDGE SUIT
; The bankruptcy trustee of Leading Edge Products Inc. said it filed...and Stewart Fason, of PC Systems of Riviera Beach, Fla., alleging that PC Systems is selling Leading Edge computers in violation...by the bankruptcy court. PC Systems is the company that was ...