View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 21, 1993


By CBR Staff Writer

Fraud-ridden contract computer products manufacturer Comptronix Corp, Guntersville, Alabama, says it is continuing negotiations with its bank lenders and term lenders to complete an overall restructuring of its financing package, but uncertainties over the shareholder class action litigation may affect its ability to complete restructuring, so it is trying to reach a settlement of the suits, although there is no guarantee that a restructuring or settlement will be achieved; it also confirmed that it has terminated employment of Allen Shifflett and Paul Medlin for cause – both had earlier been suspended following discovery of the fraud.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.