VPX lowers the boom on Bang, Jack Owoc claims Hostile takeover
America ı By Jackie Allen
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Jack Owoc built Bang
John “Jack” Owoc was the company founder and had previously been listed as Bang’s CEO and sole shareholder. And Megan Liz Owoc had served as Senior Vice President of Marketing for the company. According to the latest court documents, on March 9 the VPX Board terminated the Owacs from their positions. Jack Owoc responded by sending an email to all Company personnel entitled “HOSTILE TAKEOVER – MEG AND JACK FIRED!” The documents went on to outline the strong resistance by the Owacs to let go of the company. According to the filing: “That same day, the Debtors sent letters to the Owocs confirming their termination and requesting that they each “return all of the Debtors’ property, including identification cards or badges, access codes or devices, keys, mobile phones, computers, credit cards, physical files and any other property and information in [their] possess.” “Neither of the Owocs returned any devices, documents, or other property following their termination. While the Debtors moved swiftly to suspend the Owocs’ access to the Company’s servers upon their termination, Mr. Owoc was able to gain access to a legacy email domain, from which he sent an email to all Company personnel entitled “HOSTILE TAKEOVER – MEG AND JACK FIRED!” “In the days following their termination, the Debtors made efforts to determine what documents, devices, and other information the Owocs may have retained following their termination. Because Mr. Owoc, in particular, largely operated the Company from his house, the Debtors had reason to believe that he may have retained multiple electronic devices that had been purchased with Company funds and used in connection with the Debtors’ business, as well as an unknown amount of Company-related information.”Jack Owoc testifies he has no VPX property
According to the court docs, VPX claimed that the Owocs had “Debtor-provided laptops, mobile devices, physical files, and other materials in their possession.”
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