Trident Microsystems, Inc.(fka TRIDQ)

[mrholty]

Here is Rodney McFadden's latest on this case:

http://thediligentinvestor.blogspot.com/2012/05/trident-microsystems-completes-sale-of.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheDiligentInvestor+%28The+Diligent+Investor%29

Trident Microsystems Completes Sale of TV Business; Seeks Permission to Expedite Sale of Audio Unit

Readers should note that the closing of the STB and TV Units may well mark the point in the case where halcyon times may give way to discord and divisiveness, at least for a while; not so much between the Debtors and any of their Committees but rather between the Equity Committee and NXP. Given that the Equity Committee has filed a Motion for a Rule 2004 Exam of NXP as well as certain of its affiliates and directors and given that NXP has been non-responsive to any related requests for production of documents or tendering of witnesses for deposition, to say the least, it is going to get very interesting. While it is early in the process to know anything for a certainty, suffice it to say the Rule 2004 Exam Motion filed by the Equity Committee provides a broad outline of a set of transactions the contours of which would appear to suggest that the purported business relationship between NXP and the Debtors may instead be tantamount to the archetypal Parasite/Host relationship. The Rule 2004 Exam motion will be heard before the Honorable Judge Sontchi on May 15, 2012.