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Cahn Seeks Court Approval of New Retention Agreement Terms for Boies Schiller
SCO's Chapter 11 Trustee Edward Cahn seeks to retain Boies Schiller for the SCO litigation, but at what he seems to think is a reduced rate. He says it's the new retention agreement, one the firm and SCO agreed to in August, prior to his watch, but now he is asking the court to approve it.
We learned that Boies Schiller had offered to drop approximately $515,000 of pre-petition "fees" at the July 27th hearing about whether to convert to Chapter 7, during Darl McBride's testimony. According to McBride, it meant a greater *upside* for Boies Schiller if they won. According to Cahn, it's the opposite. Which is true? More... |
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