Licensors Challenge Failed Online Music Startup's Sale

Law360, New York (March 23, 2012, 3:54 PM EDT) -- Three technology licensors to failed music startup Beyond Oblivion Inc. filed a limited objection Thursday to the debtor's proposed sale to auction winner Gee Beyond Holdings LLC, saying they don't consent to the assignment of their nontransferable licenses to the buyer.

Intertrust Technologies Corp., Seacert Corp. and Marlin Trust Management Organization LLC, identified collectively as the DRM Technology Licensors, objected to the proposed sale of potentially all the debtor's assets to Gee Beyond, which came out the victor in a March 20 auction for Beyond Oblivion....
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