Bankruptcy Judge Christopher Sontchi told Japanese chipmaker Elpida Memory Inc. that he was "troubled" by the firm's inadequate efforts to keep creditors informed about its bankruptcy process, and warned he may upend its proposed sale to U.S. rival Micron Technology Inc., Reuters reported yesterday Elpida's main bankruptcy proceeding is being handled by a district court in Tokyo, but Judge Sontchi said that the company was taking a risk by not keeping creditors better informed. Judge Sontchi will eventually have to approve the transfer of U.S. assets after a sale is cleared by the Japanese court.
