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Published on 11/19/2013 in the Prospect News Distressed Debt Daily.

Elpida's Chapter 15 case closed at request of foreign representative

By Jim Witters

Wilmington, Del., Nov. 19 - Elpida Memory, Inc.'s Chapter 15 case was ordered closed, according to a Nov. 19 filing with the U.S. Bankruptcy Court for the District of Delaware.

Elpida's foreign representative, Nobuaki Kobayashi, requested the closing of the case, saying there was no reason for it to remain open since the U.S. bankruptcy court recognized the Tokyo District Court order approving Elpida's reorganization plan and a related sponsor agreement closed.

Elpida, a Tokyo-based manufacturer of DRAM integrated circuits, filed for bankruptcy on March 19, 2012 to gain recognition of its Japanese proceedings. Its Chapter 15 case number is 12-10947.


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