Welcome to the linuxcrusade.com.
| SCO's Bankruptcy Hearing Tomorrow Changed to 8:30 AM - Updated |
|
The bankruptcy hearing tomorrow has been changed to 8:30 AM, according to the latest on PACER. There is a Notice setting forth what will and what won't be heard that day. Everything will be heard *except* the motions to retain Berger Singerman and Pachulski Stang as co-counsel and Epiq Bankruptcy Solutions and the motion to pay all the lawyers and other professionals monthly. That will be heard at another hearing to be announced. I may not be the only one wondering how many lawyers one needs to file for bankruptcy. Or it could be they thought there were just too many motions for a single hearing. They will hear the motion about hiring temps to cover for the finance department employees SCO fired or who quit that I told you about earlier today. On the list of folks who got the notice one sees the top creditors we noted on SCO's list, like Microsoft and Sun Microsystems, as well as a Joe McMann, United States Trustee. So he must be the newly assigned trustee. Nobody notified Novell or IBM or Red Hat. However, I'm guessing Novell needs no invitation to follow along.
Update: SCO has filed a Notice of Late Filing with the SEC about the 10Q they haven't filed. "The Company was unable to complete the preparation of the Form 10-Q Quarterly Report on a timely basis due to additional and unusual administrative work loads as a result of the bankruptcy filing." Not to mention the unfortunate firing/quitting of approximately half of the finance department, one assumes. |
| < Prev | Next > |
|---|
