But last week Sterling, which has offices in Chicago, Baltimore, and Miami, stepped in.
WiLAN, founded in 1992, won't walk away empty-handed. It owns Mosaid shares and figures it will get $3.6 million back.
Meanwhile, CEO Jim Skippen said in a statement, "WiLAN's board and management are more determined than ever to continue to build a global IP licensing powerhouse that will generate significant long-term value for investors."