Co. Seeks OK For Copyright Suit Against New Century

Law360, New York (July 11, 2007, 12:00 AM EDT) -- Positive Software Solutions Inc. has asked a bankruptcy court judge to lift the stay in the Chapter 11 case of subprime lender New Century Holdings Inc. so that a multibillion-dollar copyright dispute between the two companies can proceed.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, Positive Software said that it is imperative for the case to proceed so that it has a chance of recovering damages if it prevails.

The case has been ongoing for more than four...
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