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| Thread | Thread Starter | Forum | Replies | Last Post |
| SCO's Chapter 11 Trustee Appointed and Approved | iBot | UNIX and Linux RSS News | 0 | 08-26-2009 06:00 AM |
| SCO's 8K About the Chapter 11 Trustee and A Change of Control Agreement | iBot | UNIX and Linux RSS News | 0 | 08-08-2009 02:30 PM |
| The Order - A Chapter 11 Trustee is to be Appointed; SCO's Sale Motion Denied - Updat | iBot | UNIX and Linux RSS News | 0 | 08-06-2009 01:15 AM |
| SCO Moves to Amend AutoZone Complaint and IBM Protective Order | iBot | UNIX and Linux RSS News | 0 | 07-03-2009 02:45 AM |
| U.S. Trustee Moves to Convert SCO Bankruptcy to Chapter 7 | iBot | UNIX and Linux RSS News | 0 | 05-05-2009 11:00 PM |
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SCO's Chapter 11 Trustee Moves to Settle AutoZone
Edward Cahn, the Chapter 11 Trustee now running SCO Group, wants to settle and be done with SCO v. AutoZone. He sees no value in further litigation. So he has filed a motion asking the court to approve the settlement he has worked out with AutoZone.
Can you believe it took this long? It's been in the Top Ten Stupidest Cases of All Time Hall of Fame since 2004. Evidently Mr. Cahn does not share Darl's gambling ways, nor his zeal to punish SCO customers who switched from Unix to Linux. SCO put AutoZone through an experience it never deserved, but it looks like all the horses are heading home to the barn. At last. The motive mentioned is the desire to save the costs of further litigation. That's how much the Chapter 11 Trustee thinks of SCO's chances, I'd opine. On page 5 of the motion, it says that further litigation "would likely yield minimal additional benefit to creditors". So now we know why Darl is so hopping mad and trying to put together a posse of revolting shareholders. Their dreams of second homes from the litigation lottery are turning into mere mirages in the desert. That's not Mr. Cahn's fault. It's called Reality. The end of this saga was obvious from day one. More... |
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