Here it is, SCO's Ch. 11 trustee Edward Cahn's third bill for Blank Rome, covering only the month of December of 2009, for $112,677.60, self-described as actual, reasonable and necessary, 80% of the actual bill for $140,847.00. For a single month.
Well, you may say, litigation costs. Dearly. Yes, which is a good reason not to pursue pipe dreams. Oh, add on $7,019.45 for expenses. Because, let's be real, bankruptcy court isn't about getting the creditors one flat dime, is it? That's my observation after watching Delaware at work.
Here's the bill and all the ancillaries for you to examine:
I suggest your fine-toothed comb. What I notice is that most of the hours, 159.4 out of 290, were for running the business, such as it is, according to Exhibit A, page 3. If Cahn had opted to shut down the business instead of pursuing the crazy litigation, may I assume that would mean these expenses would not be showing up? If so, it's a crying shame. I warned him not to rely just on what the lawyers told him, but no one listens to little old me. Even though I'm usually proven right. It's very frustrating. Their total billing so far is enough to pay back Novell and the other creditors a nice little chunk, even if it's not the whole amount. And something is better than nothing.
06/18/2010 - 1128 - Third Application for Compensation of Blank Rome LLP for the period December 1, 2009 to December 31, 2009 Filed by Blank Rome LLP. Objections due by 7/8/2010. (Attachments: # 1 Notice # 2 Exhibit A # 3 Exhibit B # 4 Certificate of Service) (Fatell, Bonnie) (Entered: 06/18/2010)
Novell is hoping Emily will wake him up shortly and tell him he was having a bad dream.
Update: I should take a break and let you guys find things. I read the entry on page 6 of Exhibit A for a second as "scam and efile" OPA's bill instead of "scan and efile". Yup. Time for a little break. I'll stop back by in a bit after some ice cream.
But one quick thing. What do you suppose this means on page 12?
Dec 15 09 REVIEW VARIOUS MEMOS AND WEB REPORTS REGARDING SCO ACTIVITY - Fatell - 0.30 I wonder if they'd rather not say the "G" word. That was the time period, though, when Groklaw began publishing, beginning on December 12th, our series "Answering SCO Bit by Bit." The next day, she did the same, review news articles about SCO. I sincerely hope she read it and understood it, even if only after the fact. The next day, you see there was a strategy meeting. And they went on to do the Yarro loan, so after the fact is as good as it can get.
A little less strategy and a little more practical application of lessons learned would be nice.
And I see an engineer quit on December 21. That's on page 14.