Righthaven says it might have to file for bankruptcy

[SoylentGreen]

Righthaven says it might have to file for bankruptcy

Despite its backing by the billionaire Warren Stephens family, Las Vegas copyright lawsuit filer Righthaven LLC warned today it may have to file for bankruptcy because of a series of setbacks in its litigation campaign.

While the Righthaven bankruptcy warning may sound ominous, a bankruptcy filing wouldn’t prevent Righthaven creditors from asking the bankruptcy court for permission to seize Righthaven’s assets. Such a filing also would require Righthaven to reveal detailed financial information that so far has been secret as it's a private company.

And Righthaven copyright lawsuit defendants considering countersuing Righthaven over what they call sham copyright claims would likely target not just Righthaven, but its deep-pocketed newspaper partners including the owners of the Review-Journal and the Post.

http://www.vegasinc.com/news/2011/sep/09/righthaven-says-it-might-have-file-bankruptcy/

S.G.