“Faced with mounting legal fees and unpaid taxes, Psystar, the controversial startup that’s challenging Apple’s exclusive right to sell Mac OS-based computers, has filed for Chapter 11 bankruptcy protection. The company, however, appears to be continuing operations,” Paul McDougall reports for InformationWeek.
“In papers filed in U.S. Bankruptcy Court for Southern Florida, Miami-based Psystar said it owes more than $250,000 to various creditors,” McDougall reports.
“The largest creditors include Psystar founder Rudy Pedraza, who claims he loaned the company more than $120,000 of his own money, and law firm Carr & Farrell, which is owed about $88,500. Psystar retained the firm for its copyright battle with Apple,” McDougall reports. “Records show that Psystar also owes more than $11,000 in back taxes to the Internal Revenue Service and several thousands of dollars more to an assortment of business vendors, including Federal Express, UPS, and packaging manufacturer Timbar.”
“The judge hearing the copyright case recently granted Apple’s request that Psystar produce detailed financial records,” McDougall reports. “Apple believes Psystar, which maintains a slick, professionally produced e-commerce site despite modest facilities and a skeleton crew, has received funding from outside parties — including, possibly, Apple’s rivals in the PC market.”
Full article here.
MacDailyNews Note: Here are the results of our mid-March poll, “Who’s really behind Psystar?”
Some of the “Other” answers included: Steve Wozniak, IBM, Palm, Intel, The European Union, George W. Bush, Barack Obama, Dick Cheney, and, of course, Jesus and Elvis.
