Former Bowe Bell & Howell, buyer can't get software code via motion

By Jim Witters

Wilmington, Del., Feb. 24 - Mail Systems Liquidation, Inc., formerly Bowe Bell & Howell, and its buyer must file an adversary action to force Bowe Systec GmbH to turn over software source code the buyer and debtor say were included in the sale of assets, according to documents filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Mail Liquidation, bought by Versa Capital Management, Inc. and co-investment partner Access Value Investors, Inc. and operating as Bell and Howell, LLC, filed a motion with the court seeking enforcement of the sale order.

Judge Peter J. Walsh ruled that the motion was insufficient.

"The relief sought in the motion, to the extent sought in this court, may be obtained only by adversary proceeding," the judge wrote in his opinion.

As previously reported, Bowe Bell & Howell received court approval in June to sell substantially all of its assets to Versa and Access Value Investors via credit bid.

The Wheeling, Ill., provider of high-performance document management services, filed for bankruptcy on April 18, 2011. The Chapter 11 case number is 11-11187.

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