New Century Staves Off Software Copyright Suit

Law360, New York (August 16, 2007, 12:00 AM EDT) -- The judge in New Century Holdings Inc.'s bankruptcy has shot down the move Positive Software Solutions Inc. had made to lift the automatic stay in its efforts to resume its multibillion-dollar suit against the subprime lender over the copyrights to a loan database program.

At the same time, the Delaware bankruptcy judge, Kevin Carey, also granted New Century's cross-motion for sanctions against Positive Software over its violations of the stay and scheduled a hearing for Oct. 2 to determine the amount in damages that the lender...
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