A trial date is set for April 3 in U.S. Bankruptcy Court, Richmon...
A trial date is set for April 3 in U.S. Bankruptcy Court, Richmond, Va., to resolve the dispute between Sirius and the supplier of its subscriber management system, Sirius said in a 10-K report filed with the SEC. At…
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issue are Sirius allegations that Sentraliant, a Glen Allen, Va., firm that developed and operates Sirius subscriber management system, had breached its agreement with Sirius because the system had unspecified “defects” that Sentraliant had failed to correct, the 10-K said. Sirius in Nov. threatened to terminate the agreement with Sentraliant if the problems weren’t corrected by Jan. 3, and later extended the deadline to Jan. 17, it said. The 10-K said Sentraliant had maintained that the issues in dispute had been resolved earlier, that defects cited by Sirius were “enhancements” in the system that Sirius hadn’t yet authorized, or that the defects weren’t material. Sentraliant filed a Chapter 11 petition Jan. 15 and a week later asked the Bankruptcy Court for a judgment requiring Sirius to pay it $150,000 in fees owed, the 10-K said. Sentraliant also is seeking a declaratory ruling from the court that its Sirius agreement still is in force and that the system is free of material defects, the 10-K said.