Elpida Asset Sale Proper; No Reconsideration Needed, Say Foreign Representatives

WILMINGTON, Del. - The foreign representatives of bankrupt computer chip maker Elpida Memory Inc. on Feb. 8 filed a brief in the U.S. Bankruptcy Court for the District of Delaware contending that the bondholder's motion seeking reconsideration of the sale of Elpida's patents should be denied because there is no evidence to suggest that the sale agreement was not negotiated in good faith (In Re: Elpida Memory Inc., No. 12-10947, Chapter 15, D. Del. Bkcy.).Full story on lexis.com