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Its hard to forget the death of Amp’d Mobile, it seemed like a drawn out death that came to a slow end. Eventually they did close their doors and the remaining customers were then sold to Prexar. You would have thought Amp’d was over, but it turns out the sale was not enough to cover their debts and who better to go after than the previous CEO and partners. The now closed and bankrupted company Amp’d has decided to sue former CEO Peter Adderton because he “refused to perform certain aspects of his employment” and “threatened to take action that would damage” the company. The lawsuit is seeking $1.15 million in payments made. Other than the former CEO, Amp’d is also looking to reclaim some of those lost funds from other groups to include Merrill Lynch & Co., GE Capital Financial, Latham & Watkins LLP, MTV Networks on Campus and Playboy Enterprises International.
Via [mocoNews]
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