||Home Automation with Mac OS X, Part 2|
Actually, there is no company named X10, but the name is used generically for a number of companies owned by X10 Ltd, a Singapore-owned Bermuda corporation operating out of Hong Kong. X10's devices are made in China, and are marketed through several X10 companies in the United States and Canada. Last October, X10 Wireless Technology, and X10 subsidiary, lost a lawsuit to a California company for $4.3 million with another $2.3 million in punitive damages for non-payment, and for "appropriating" technology and clients.
The lawsuit against X10 was, however, only the tip of the iceberg. Immediately after losing the $4.3 million lawsuit, X10 filed for bankruptcy under Chapter 11 of the Bankruptcy Code in U.S. Bankruptcy Court in Seattle.
The filing reveals some financial details of a company that had made itself known throughout the Web for its ubiquitous pop-under campaign and yet remained secretive about its operations.
X10 owes its creditors between $10 and $50 million. Other creditors include some of the Internet's best-known names, including Yahoo!, $346,000; Google Inc., $68,000; America Online Inc., $55,000; eBay Inc., $49,000; and Microsoft, about $459,000. X10 even owes $667,412 to its own lawyers, Sheppard Mullin Richter & Hampton of Los Angeles.
That's no problem for X10, however, as it has other subsidiaries to push its products.
Perhaps the nature of X10's operations should have been mentioned in your article.