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To read comments to this article, go here
Canopy-Yarro-Noorda Etc. Statement on Settlement
Saturday, March 12 2005 @ 02:42 AM EST

I received the following press release at 12:41 AM today EST:

March 11, 2005, Lindon, Utah: Ralph Yarro, Darcy Mott and Brent Christensen, and Mrs. and Mrs. Raymond Noorda, The Noorda Family Trust, the Canopy Group, Inc., Canopy’s CEO, William Mustard, Terry Peterson and Val Noorda Kreidel announced today that they have reached an agreement to amicably settle all claims in the pending litigations amongst the parties. Under the agreement, Messrs. Yarro, Mott and Christensen will receive an undisclosed amount of money, and Mr. Yarro will receive Canopy’s shares of SCO stock. Messrs. Yarro, Mott and Christensen have resigned from all positions they held with Canopy and Canopy’s portfolio companies, and they will cease to hold any interest in Canopy. The other terms of the agreement are confidential.

So, there you are. It's official. I believe the word "amicable" to describe the settlement might be a bit over the top, considering how this group of ex-litigants aimed their darts at each others' eyeballs, but it's done now. Settled.

And I ask you, who wouldn't want a huge pile of SCO stock?


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