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| Latest News on the Bankruptcy - More Matters for 6/17 Hearing |
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Friday, May 30 2008 @ 04:37 PM EDT
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Some filings in SCO's bankruptcy, including SCO's latest operating reports and a notice to add to the June 17 hearing consideration of the "Quarterly Fee Applications (related document(s)[462], [474], [479], [460], [478])".
Those numbers refer to bills covering January through the end of March from Berger Singerman, Mesirow, Dorsey & Whitney, Tanner (already scheduled for that hearing date), and Pachulski Stang (already scheduled for that hearing date), all PDFs.
That could be a long hearing, because it will also cover SCO's second motion to extend the exclusivity period, again, the motion to expand Tanner's services, and some other bills. And then, ah yes, the matter about whether SCO's claim that it has an ethical need to pay an "expense reimbursement" to York Capital, which has been strenuously objected to by IBM, Novell and the US Trustee's Office.
Here are all the filings:
478 - Filed & Entered: 05/23/2008
Application for Compensation
Docket Text: Quarterly Application for Compensation (Second) and Reimbursement of Expenses, as Co-Counsel to the Debtors and Debtors in Possession, for the Period from January 1, 2008 through March 31, 2008 Filed by Pachulski Stang Ziehl & Jones LLP. Hearing scheduled for 6/17/2008 at 02:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 6/13/2008. (Attachments: # (1) Notice # (2) Exhibit A# (3) Exhibit B# (4) Exhibit C# (5) Certificate of Service and Service List - Fee Application# (6) Certificate of Service and Service List - Notice Only) (O'Neill, James)
479 - Filed & Entered: 05/23/2008
Application for Compensation
Docket Text: Quarterly Application for Compensation (Second) and Reimbursement of Expenses for the Period from January 1, 2008 through March 31, 2008 Filed by Dorsey & Whitney LLP. Hearing scheduled for 6/17/2008 at 02:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 6/12/2008. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C # (5) Certificate of Service and Service List - Fee Application# (6) Certificate of Service and Service List - Notice Only) (O'Neill, James)
480 - Filed & Entered: 05/27/2008
Notice of Hearing (B)
Docket Text: Notice of Hearing to Consider Approval and Allowance of Quarterly Fee Applications (related document(s)[462], [474], [479], [460], [478] ) Filed by The SCO Group, Inc.. Hearing scheduled for 6/17/2008 at 02:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. (Attachments: # (1) Exhibit A # (2) Certificate of Service and Service List) (Werkheiser, Rachel)
481 - Filed & Entered: 05/27/2008
Certificate of No Objection
Docket Text: Certificate of No Objection (No Order Required) Regarding Seventh Interim Application of Tanner LC for Compensation for Services and Reimbursement of Expenses as Accountants to the Debtors for the Period from April 1, 2008 through April 30, 2008 (related document(s)[463] ) Filed by The SCO Group, Inc.. (Attachments: # (1) Certificate of Service and Service List) (Werkheiser, Rachel)
482 - Filed & Entered: 05/30/2008
Operating Report
Docket Text: Debtor-In-Possession Monthly Operating Report for Filing Period April 2008 for SCO Operations, Inc. Filed by The SCO Group, Inc.. (Attachments: # (1) Certificate of Service and Service List) (Werkheiser, Rachel)
483 - Filed & Entered: 05/30/2008
Operating Report
Docket Text: Debtor-In-Possession Monthly Operating Report for Filing Period April 2008 for The SCO Group, Inc. Filed by The SCO Group, Inc.. (Attachments: # (1) Certificate of Service and Service List) (Werkheiser, Rachel)
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| Authored by: jesse on Friday, May 30 2008 @ 04:42 PM EDT |
| thanks. [ Reply to This | # ]
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| Authored by: jesse on Friday, May 30 2008 @ 04:43 PM EDT |
| thank you [ Reply to This | # ]
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| Authored by: jesse on Friday, May 30 2008 @ 04:45 PM EDT |
| thank you [ Reply to This | # ]
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| Authored by: rsteinmetz70112 on Friday, May 30 2008 @ 04:49 PM EDT |
If Kimball would only issue his ruling so we can move forward.
Everyone seems to be sitting around waiting for him, except for SCO who seems to
be spending as much money as possible.
---
Rsteinmetz - IANAL therefore my opinions are illegal.
"I could be wrong now, but I don't think so."
Randy Newman - The Title Theme from Monk
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| Authored by: kawabago on Friday, May 30 2008 @ 05:42 PM EDT |
The only thing anyone at SCO knows about ethics is that they don't have any! I
tried SCO's line at the mall today. I approached the manager and said, "I
decided not to buy anything in your store but I would still like the money you
ethically owe me just for browsing in your store."
He wasn't convinced of his indebtedness.
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| Authored by: Anonymous on Friday, May 30 2008 @ 05:55 PM EDT |
| We do not have the dockent entry for the agenda for June 17, so here we assume
...
That could be a long hearing, because it will also cover
SCO's second motion to extend the exclusivity period, again, the motion to
expand Tanner's services, and some other bills. And then, ah yes, the matter
about whether SCO's claim that it has an ethical need to pay an "expense
reimbursement" to York Capital, which has been strenuously objected to by IBM,
Novell and the US Trustee's Office.
It is quite possible that,
absent a reorganization plan from elsewhere, motion to extend the exclusivity
period will be continued to the next hearing.
It is almost certain that
the motion to expand Tanner's services, and some other bills will be
dealt with by lack of objectection.
It is quite possible that ethical
need to pay an "expense reimbursement" to York Capital will once more be
continued to the next hearing.
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- Excuse me ... - Authored by: Anonymous on Friday, May 30 2008 @ 06:13 PM EDT
- Excuse me ... - Authored by: Anonymous on Friday, May 30 2008 @ 07:01 PM EDT
- Excuse me ... - Authored by: Anonymous on Saturday, May 31 2008 @ 06:23 PM EDT
- Excuse me ... - Authored by: Anonymous on Saturday, May 31 2008 @ 06:50 PM EDT
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| Authored by: The Mad Hatter r on Friday, May 30 2008 @ 11:07 PM EDT |
I think we are near the end of this chapter of the story. I don't think that the
chapter will have a surprise ending, but I'm waiting with anticipation for it to
be written.
---
Wayne
http://sourceforge.net/projects/twgs-toolkit/
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| Authored by: sproggit on Saturday, May 31 2008 @ 05:01 AM EDT |
The last filing - the '483.pdf - includes a financial summary for the Group. On
page 6 of the pdf we see that SCO are claiming :
$1,314,859 - Total Assets
$1,745,258 - Total Liabilities
and a net owner equity of -$430,399...
So I guess this clarifies that since SCO filed for Chapter 11, when they had
more assets than liabilities, they have managed to reverse that position and now
really are bankrupt.
One has to wonder if Judge Gross is going to move this case to Chapter 11 before
or after Judge Kimball hands down his final judgment on the Novell case.
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