A lengthy hearing in federal bankruptcy court Thursday did little to resolve a dispute over recommendations from a consumer privacy ombudsman that leaves Barnes & Noble’s $13.9 million bid for Borders’ intellectual property still in doubt. The asset purchase agreement called for a “drop-dead” deadline of September 30, but Judge Glenn flat-out said there was “no way” any deal could be reached in time at the current rate. For now, the parties will reconvene Monday, September 26 at 4 PM. As Judge Glenn heard statements from lawyers for Borders, the creditors committee, Barnes & Noble, as well as the privacy […]
