Bondholders Can Depose Elpida Rep In $2.5B Micron Sale Feud

Law360, Wilmington (September 6, 2012, 8:05 PM EDT) -- A Delaware bankruptcy judge on Thursday cleared a group of Elpida Memory Inc.'s U.S. bondholders to depose a company representative in support of their challenge to the planned $2.5 billion sale of the Japanese chipmaker to Micron Inc.

At a court hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi denied Elpida's motion to quash the deposition, rejecting the company's argument that third parties can't be granted discovery in a Chapter 15 case.

“I believe this court has ample authority to do that,” the judge said....
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