Elpida Slams Creditors' Attempt To Undo $17.5M Patent Deals

Law360, New York (February 8, 2013, 8:33 PM EST) -- The bankrupt Elpida Memory Inc. asked a Delaware bankruptcy court Friday not to reconsider approving $17.5 million worth of patent deals with Micron Technology Inc. and Rambus Inc., saying the court properly vetted the transactions in spite of creditor claims to the contrary.

Elpida’s foreign representatives in the Chapter 15 case told U.S. Bankruptcy Judge Christopher S. Sontchi that the court should not require further discovery regarding the company’s motives for the transactions, resisting requests from U.S. bondholders who asked for further depositions of company executives...
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