It appears that Moneaul's multi-million dollar fraud will not be driving Zalman to bankruptcy after all. Word comes that the Korean courthouse handling the case has decided that Zalman, which was a child company of Moneaul, was not involved in the fraud and holds no responsibility for the actions of the parent company. We should remind you that Moneaul instigated a major financial scandal in Korea, implicating many major banks and causing a direct financial damage of nearly 3.2 Trillion Korean Won (about three billion US dollars).

The Korean courthouse decided that Zalman should be severed from Moneaul and continue to operate under their oversight and jurisdiction. As a result Zalman has been allowed to restructure the company, doing so under the supervision of the Korean justice system.

What does that mean for Zalman's customers? Zalman will not need to file for bankruptcy nor liquefy any of their assets. The company will continue to operate normally and all post-purchase support and warranties remain valid. In some ways the company hasn't even skipped a beat, recently announcing the release of a new product, the Z11 Neo case.

With that said, Zalman may not be out of the woods just yet. The company was hit very hard by this scandal, causing their stock to essentially be destroyed and pulled from trading. We are unaware of the company's current capital, but rumors indicate that Moneaul might have spent a very large portion of it already, and Zalman will certainly consume some more until they get back on their own two feet. Finally, the company now operates under courthouse supervision for the time being.

Nevertheless, there is a light at the end of the tunnel for Zalman after all, and we are hopeful that the experience and hard work of the honest employees will help them reach it.  

Source: Zalman Official Announcement

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  • piiman - Thursday, November 27, 2014 - link

    "general layout does look similar yep"

    and so does any number of other cases I mean its a case how different can they make them inside?
  • meacupla - Wednesday, November 26, 2014 - link

    Nah, the panels are 100% different on both exterior and interior.
    They are only similar, because that's a popular and current layout that many other manufacturers also use.

    As for the fans, all I have to say is maybe it's just a bad batch, because the ones that came with my define mini are working just fine after more than a year. Either that or maybe they are sleeve bearings, which is why they are cheap.
  • Redwoodz - Sunday, December 7, 2014 - link

    You are certainly 100% wrong.While the base structure may seem similar,there are many differences. And you can say that about 90% of the mid-tower cases out there.Why/ Because that's the design that works for most users. The new Z11 neo is indeed a refined Z9,the base case is the same. That's excellent because the Z9 has an almost perfect lay-out.You really can't beat the Z series features for the price. Just the name Zalman has not become "fashionable" like Corsair or Fractal Design.
  • just4U - Tuesday, November 25, 2014 - link

    I've used a couple of Zalman Cases ... can't say I really care for them, a pain to clean to. My advice to Zalman.. keep it simple.. and pay attention to the move to smaller minimalist designs that are easy to work in with excellent interior management.
  • ppi - Wednesday, November 26, 2014 - link

    Not really surprising. As long as Zalman's core business is sound, the best way to cover any losses to creditors/whoever is usually to sell that business as a whole, and not sell it piece by piece.

    That Zalman's shares plummeted is no surprise, given their parent was giving out false information about its performance.
  • StrangerGuy - Wednesday, November 26, 2014 - link

    I look at the designs in this article and I can see why nobody would be bothered with their products.
  • Antronman - Thursday, December 4, 2014 - link

    All of their air-cooling solutions have some of the best price/performance ratios out of all coolers. They last a long time as well. While aesthetics are important, there's a large crowd that is more interested in performance.

    There always has been interest in their products.

    There's quite a large gaming community that would interested in a case like that.

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