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They made a long-term deal with their legal firm | 206 comments | Create New Account

Comments belong to whoever posts them. Please notify us of inappropriate comments.

SCO: But waitaminnit, yer Honor ~pj

Authored by: Reven on Wednesday, May 08 2013 @ 03:20 PM EDT

SCO was crafty enough to make a lump sum payment to Boise to cover the
litigation through all appeals to the end. I expect Kahn is doing what any
bankruptcy trustee would do - squeezing every last drop out of that contract.
He probably knows there is no hope, but if there is even a lottery-ticket's
chance, well, it's already paid for so why not.

---
Ex Turbo Modestum

[ Reply to This | Parent | # ]

They made a long-term deal with their legal firm

Authored by: rocky on Wednesday, May 08 2013 @ 06:31 PM EDT

The deal involved a large final capped payout to the law firm several years ago,
which included some share of future potential litigation lottery winnings, in
exchange for the law firm being on the hook to continue to handle all of the
cases through to the end, including all appeals. Most of us are guessing that
the deal has not worked well financially for the law firm with as many man-hours
as they have had to pour into this and vanishingly little hope of any kind of
winnings.

[ Reply to This | Parent | # ]

That deal does not include costs.... - Authored by: Anonymous on Wednesday, May 08 2013 @ 07:08 PM EDT

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