Elpida Bondholders Fight Back Against Patent Deal Approvals

Law360, Wilmington (January 31, 2013, 11:03 PM EST) -- U.S. bondholders of Elpida Memory Inc. on Wednesday asked a Delaware bankruptcy judge to reconsider his decision approving the Japanese chipmaker's patent deals, claiming it was improper to rule their objections unsupported by evidence after preventing the discovery that would have produced it.

U.S. Bankruptcy Judge Christopher S. Sontchi, who oversees the American leg of the company's insolvency proceeding, blessed the transactions in a Jan. 16 ruling, but the bondholders want the judge to revisit and vacate certain portions they say stem from his having denied...
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