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Intel’s plan to spin off its security business under the McAfee name could run into rough weather with security entrepreneur John McAfee asking a court in New York to stop the deal until a dispute over the use of his name for another company is resolved.
In a court filing on Tuesday, John McAfee and MGT Capital Investments claimed that there is a high likelihood that Intel intends to sell the rights to the use of his full name to the new venture. “Should the sale go forward any judgment awarded to Plaintiffs will be ineffectual,” it added.
John McAfee and MGT informed the court that they will be seeking a preliminary injunction that would prevent Intel from “selling, trading, assigning, leasing or otherwise transferring any alleged rights, in whole or in part, relating to any marks, names, trade names, or entities containing the word ‘McAfee’” until the resolution of the dispute.
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