JooJoo Company Responds to TechCrunch Lawsuit
Fusion Garage has responded to the lawsuit filed by Michael Arrington and the TechCrunch crew. Not surprisingly, the company says Arrington's suit and the allegations made are without merit.
The Fusion Garage statement addresses several accusations made by Michael Arrington in a blog post published last week:
With regard to Arrington's claims that the company was not financially stable, FG said it was a properly capitalized start up that has received $3 million in funding to date. Additionally, the company claimed it has numerous international angel investors and said it is preparing to announce a new round within the coming weeks.
Addressing the claims that Fusion Garage is using intellectual property owned by the original ODM, Pegatron, the company said it established a relationship with Pegatron after "after Arrington’s promises of hardware development support proved to be hollow." The company says it is now working with another top tier ODM to develop a completely new board and mechanical layout.
As for the comments made about CEO Chandra Rathakrishnan? Fusion Garage isn't even dignifying those with a point-by-point response. The company points out that it's highly unlikely TechCrunch would ever go into business with Chandra if his reputation as a businessman was so awful.
Read the full statement on BusinessInsider.
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