The bike maker objected to ASE’s motion for authority to reject certain executory contracts with Specialized, specifically its license to make bicycles under the Roubaix trademark, which it first licensed from Advanced Sports in 2003 for the U.S. market. Specialized argued that the business judgment rule, which was cited by the court in permitting ASE to reject its contract with supplier and licensee Ideal Bicycle, “is not a free pass for anything and everything Debtors might wish to do,” and asked that it be given time to investigate whether ASE’s decision was made in bad faith or was abusing its ... Log in to view full article.