Elpida, US Creditors Spar Over Court Liaison Appointment

Law360, Wilmington (September 26, 2012, 9:50 PM EDT) -- Elpida Memory Inc. bondholders fired back Tuesday after the Japanese chipmaker objected to their request for the expedited appointment of a liaison between the U.S. and Japanese courts handling the company's bankruptcy, claiming immediate action is necessary given the rapid progress of the foreign proceedings.

Decrying a lack of timely information, bondholders on Friday asked U.S. Bankruptcy Judge Christopher S. Sontchi, who is overseeing Elpida's Chapter 15 case in Delaware, to hear their motion to appoint an intermediary on a shortened basis, a move the company's...
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