Sonata Software takes legal action against retail client over massive unpaid dues. The Indian IT services firm filed an involuntary bankruptcy petition in Delaware court against OBSA Operating Company, seeking $10.65 million in unpaid receivables. This amount represents roughly 6.6% of Sonata's incremental revenue last fiscal year. The dispute highlights financial risks in Sonata's retail segment, which generates approximately $100 million or 8% of total company revenue. OBSA, a Minnesota-based retail and financial services company operating the Fingerhut e-commerce brand, has not paid the outstanding dues. If the court approves the petition, a trustee will oversee asset liquidation to settle creditor claims. Sonata stated it has reviewed contractual protections and expects Q4 results to remain accretive despite this exposure. The company's revenue reached $1.
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