Live Client Fails at Updater

Had shutdown my gaming rig and realized that I wanted to check some numbers, so I fired up the live client on my workstation and was met with the following error:

Can't create directory //<computername>/c$/games/coh You don't have correct permissions or directory has been moved...

Or something like that.

Deleting checksum didn't fix it.
Rebooting didn't fix it.

Copying the cohupdater.exe out of the install directory and running it from the desktop Did fix it. Didn't even prompt me on where to install it, just used the values it found in the registry, I assume.

Edit: I did have to delete the old shortcut and replace it with a new one to cohupdater.exe after patching was finished. It is possible that this is all I needed to do in the first place.

This has been a public service announcement.

Hail Satan.

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Be well, people of CoH.