Judge OKs Beyond Oblivion's $4M Deal With Music Startup

Law360, New York (March 26, 2012, 3:50 PM EDT) -- A New York bankruptcy judge on Monday approved the $4.2 million sale of failed music startup Beyond Oblivion Inc. to Gee Beyond Holdings Inc. after the sale parties worked out an objection filed by a group of technology licensors.

After a one-hour delay before the hearing during which the parties resolved their remaining differences, U.S. Bankruptcy Judge Allan L. Gropper signed off on the sale, which consists of $2.5 million in cash, $1.5 million in senior secured notes and $200,000 in assumed contract liabilities. It includes...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.