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Wednesday's SCO Bankruptcy Hearing Cancelled - Nov. 8 is Next
Monday, November 01 2010 @ 03:27 PM EDT

As expected, the SCO omnibus hearing scheduled for Wednesday is canceled. Synchronize your watches, though, because November 8 is the date that matters. I surely hope some of you will be able to attend. The deep secrecy about the bidder makes me certain we want to be there for the big reveal on November 8.

Here's the notice:

11/01/2010 - 1193 - Notice of Adjourned/Rescheduled Hearing Filed by Edward N. Cahn, Chapter 11 Trustee for The SCO Group, Inc., et al.. Hearing scheduled for 11/3/2010 at 09:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. (Attachments: # 1 Certificate of Service) (Fatell, Bonnie) (Entered: 11/01/2010)


  


Wednesday's SCO Bankruptcy Hearing Cancelled - Nov. 8 is Next | 156 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
Corrections
Authored by: alisonken1 on Monday, November 01 2010 @ 03:42 PM EDT
Not that this would need any - but let's be consistent.

---
- Ken -
import std_disclaimer.py
Registered Linux user^W^WJohn Doe #296561
Slackin' since 1993
http://www.slackware.com

[ Reply to This | # ]

Off-topic
Authored by: alisonken1 on Monday, November 01 2010 @ 03:47 PM EDT
On-topic will be subject to public ridicule.

Change mode to "HTML" if you have clickies and follow the notes below
the editing box for proper posting.

NOTE: "Preview" button is your friend.

---
- Ken -
import std_disclaimer.py
Registered Linux user^W^WJohn Doe #296561
Slackin' since 1993
http://www.slackware.com

[ Reply to This | # ]

Newspicks threads here
Authored by: alisonken1 on Monday, November 01 2010 @ 03:50 PM EDT
Remember to include which newspick you're talking about since they scroll off
the page.

---
- Ken -
import std_disclaimer.py
Registered Linux user^W^WJohn Doe #296561
Slackin' since 1993
http://www.slackware.com

[ Reply to This | # ]

November 8
Authored by: rsteinmetz70112 on Monday, November 01 2010 @ 03:56 PM EDT
I wonder if losing bidders will show up to contest the auction or sweeten their
bids.

Something similar happened in a bankruptcy I was following. At the hearing where
the re-organization plan, which involved the current management buying the
company, was to be approved a new group showed up to make an offer and bought
the company, of course it went bankrupt again in a couple of years, but that's
beside the point.

It could get very interesting.

---
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

[ Reply to This | # ]

It's doubtful that there were any bidders
Authored by: Anonymous on Monday, November 01 2010 @ 04:43 PM EDT
According to docket #1161, paragraph 7h, "All objections to any Transaction
shall be filed with the Bankrupcty Court and served on Notice Parties on or
before November 1, 2010 at 5:00 p.m. (Prevailing Delaware Time)"

Since there have been no announcements about any Transaction, the only
reasonable conclusion is that there were no acceptable bidders.

[ Reply to This | # ]

Remember Remember The 8Th of November
Authored by: LaurenceTux on Monday, November 01 2010 @ 07:16 PM EDT
so that night we get to roast this turkey??


Could somebody please sort out whats what and whats left and submit it to PJ as
an article??

Is this a Final Countdown type thing or could this also get cancelled??

[ Reply to This | # ]

"because November 8 is the date that matters"
Authored by: Yossarian on Monday, November 01 2010 @ 08:01 PM EDT
Wanna bet that there will be no SCO hearing on November 8?

(The reason is pretty simple. Novell opened quite a can of
warms. As a result no sale will happen. But the more the
issues will be discussed, the sooner the judge will realize
how hopeless SCO's situation is.)

[ Reply to This | # ]

Cancelled Hearing
Authored by: sproggit on Tuesday, November 02 2010 @ 02:33 AM EDT
I am beginning to wonder if The SCO Group are attempting to set a World Record
for

1. The longest stay in Chapter 11 Bankruptcy Protection
2. The most cancelled Bankruptcy Hearings

After PJ heard a tape recording of one of the hearings early on in the
bankruptcy, she wrote that Judge Gross sounded as though he was a particularly
kind and charitable individual and thus someone who was always willing to give
the benefit of the doubt. Even though the history of this case lends weight to
that possibility, there has to be a limit to what should be allowed.

Unless I am completely mistaken, Chapter 11 was never intended to be a permanent
hiding place.

If we were to actually break down the performance of the SCO Group (and in this
case I would include the period of time that it has been under the direction of
the court-appointed trustee) then we evaluate the success of the bankruptcy
process in terms of preserving jobs and a going concern to repay debts as
follows:-

1. Monies repaid to creditors: $0.00

2. Monies paid to lawyers: $?.??

3. Number of MORs filed on time: 0

4. Number of valid reorganisation plans filed: 0

5. Number of employees terminated: (at least 2 - Hunsacker & McBride)

6. etc

It seems to me as though the only person who is participating in this honourably
(or trying to) is Judge Kevin Gross - though having said even that it seems to
this observer that his willingness to accommodate a Chapter 11 company is making
a mockery of the US legal system.

If we were to assemble a fact base as I've outlined above, and play it back to
the Judge, or to any reasonable person, I cannot believe that anyone could take
the view that what has transpired within this case is appropriate or rational.

What has gone on with respect to SCO and their various court cases may have been
within the letter of the law.

But it's certainly not justice.

[ Reply to This | # ]

Wednesday's SCO Bankruptcy Hearing Cancelled - Nov. 8 is Next
Authored by: Lazarus on Tuesday, November 02 2010 @ 03:02 PM EDT
I've still got $5 that says that the Nov 8th meeting will be moved or
cancelled.

If I'm wrong, I'll donate it to the EFF.

---
Darl McBride: The Uwe Boll of the business management world.

[ Reply to This | # ]

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