Elpida Says IP Deal Foes Seek To Ax Reorganization Plan

Law360, New York (December 3, 2012, 7:21 PM EST) -- The foreign representatives of bankrupt Japanese chipmaker Elpida Memory Inc. on Monday pushed back against an objection by the steering committee of a group of bondholders over proposed patent transactions, saying the committee is probably trying to derail Elpida's reorganization plan.

The representatives said in Delaware federal court that the steering committee — representing a group owed some $300 million — is trying to kill Elpida's plan in hopes of creating another opportunity to file a competing plan and its objection looks like it is designed...
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