Bankruptcy Court follows a much more informal process than most other aspects of our legal system, as nimbleness and flexibility are required to maximize the value of assets in financial distress. This article looks at a byproduct of that informality--an ombudsman in the Chapter 11 sale of information of Borders' customers to Barnes and Noble has placed restrictions on what Barnes and Noble can do with the information, with the result that Barnes and Noble is looking to back out of its purchase.
- Summary by FizzLaw Team
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Price of Privacy