11 Jan '12, 7am

Fusion Garage is officially done, but are they out?

from the JooJoo/Crunchpad legal tussle to their Lazarus comeback of the Grid OS and Grid devices. Now it seems like the wooden stake has been driven into the heart of the Singapore-based company headed by Chandrasekar Rathakrishnan. Business Insider released a post a couple of days ago claiming that Chandra and his team are “officially done” with US$ 40 million in owed to creditors. Together with the post, they also included the image of the legal document announcing the liquidation of Fusion Garage. The creditors meeting will take place in Singapore on 20 January, 2012, with PricewaterhouseCoopers LLP as the appointed liquidators. The image has been attached below:

Full article: http://e27.sg/2012/01/11/fusion-garage-is-officially-done...

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