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A VPN Company Canceled All Lifetime Subscriptions, Claiming It Didn’t Know About Them (www.wired.com)

submitted 1 day ago by [email protected] to c/[email protected]

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[+] [email protected] -13 points 22 hours ago (1 children)

It kind of looks like the new owners of VPN Secure got screwed - the last owner made all these costly lifetime deals and didn't tell them. The obligation/liability to service those deals wasn't transferred to the new owners.

Which means the old owner is probably the bad guy here and still owes these customers for their lifetime subscriptions.

[–] [email protected] 20 points 22 hours ago (1 children)

Sounds like the new owner didn’t do due diligence when inspecting what they were purchasing. Which means the new guy is an idiot and you probably shouldn’t trust your data with them.

[–] [email protected] 6 points 22 hours ago (4 children)

You can do due diligence as a buyer forever but if the seller lies or doesn't disclose... Problems like these happen. Lawsuits are potentially incoming to figure that one out.

[–] [email protected] 5 points 22 hours ago

This is why any good merge and acquisition contract have stipulations that update the price of the transaction 6 months or a year after purchase.

[–] [email protected] 3 points 20 hours ago (1 children)

Then you sue them to cover the differential

[–] [email protected] 1 points 17 hours ago

Commercial litigation is expensive AF and unpredictable. Ideally, good DD should prevent it.

But yeah, once you are fucked, get you a team of legal whores lol

[–] [email protected] 2 points 21 hours ago

So the lifetime subscription offer was not in the subscription list anymore at the time of purchase?