Trident Investors Can Examine Ex-Director, Judge Says

Law360, Wilmington (August 21, 2012, 10:41 PM EDT) -- A Delaware bankruptcy judge on Monday cleared minority investors of semiconductor company Trident Microsystems Inc. to investigate a former company director as part of a broader probe into controlling shareholder NXP BV’s role in Trident’s demise.

In a court order, U.S. Bankruptcy Judge Christopher S. Sontchi allowed Trident’s official equity committee to depose former director David Kerko, who was appointed by NXP, and ordered his employer, private equity firm KKR & Co. LP, to turn over Kerko’s emails.

In addition to owning 60 percent of Trident,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.