Spansion Claims Agent Inks $8M Settlement With TSMC

Law360, New York (May 9, 2011, 6:29 PM EDT) -- The claims agent for the reorganized debtors in the Spansion LLC bankruptcy on Friday struck an $8 million settlement to end an adversary case in Delaware from Taiwan Semiconductor Manufacturing Co. Ltd.

TSMC claimed Spansion owed it more than $16 million for wafers — slices of semiconductor material — and other items sent to the flash memory chip maker prior to its filing for bankruptcy protection, the claims agent said in a motion. But after the agent objected to the claim, TSMC settled for about half...
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