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Mesirow: We'd Like a Cool Half Million From SCO, Please - Updated

By Pamela Jones et al.

Mesirow Financial Consulting, having been approved [PDF] as one of the professionals SCO can retain to provide services, says it would like almost half a million for having done so for the past two and a half months. Hey. Me too! I'd like a cool half million. Where's the line? I want to get on it.

You'll recall that the U.S. Trustee's Office objected to their original application, because "it appears that MFI, Mesirow's affiliated broker-dealer, believes that it may purchase and sell the Debtors' securities for its own account without affecting Mesirow's eligibility for professional employment in these cases." Also there were issues about indemnification, a clause about it being in the prepetition Engagement Letter, but which the court whittled down to manageable size. And Mesirow swore they wouldn't trade in any SCO shares, if they got retained. And indeed, from the bill it's plain on which side of the bread one might find the butter.

Full post as published by Groklaw on December 21, 2007 (boomark / email).