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Xtera Communications Objection Filed

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The United States, on behalf of the Defense Information Systems Agency (DISA), filed with the U.S. Bankruptcy Court an objection to Xtera Communications’ (i) proposed sale of assets and (ii) the potential assumption of a federal contract.

The objection explains, “The United States objects to the setting of a zero cure amount for the DISA Contract. The United States objects to the assumption and assignment of any of its contracts and agreements, including but not limited to the DISA Contract, to the extent the Debtors fail to obtain the consent of the United States and to comply with all applicable non-bankruptcy federal law. The Debtors are not entitled to assume and assign contracts with the United States without its consent.”

Read more Xtera bankruptcy news.

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