Which is why they did not buy the company. The company is going bankrupt and sold IP to recover money to pay some of the debts with. If you did that to a healthy company that might be fraudulent, but when the company is going under either way it is probably not.
Agreed, but I didn't see anything about court approval for this deal. If a neutral third party signed off on it being the best deal (for the creditors and customers) possible, then fine.
