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Stipulation to Lift Stay on IPO Class Action and SCO's MORs Filed

By Pamela Jones et al.

Several documents have been filed in the SCO bankruptcy, including the latest monthly operating reports. The courthouse PACER system has been down over the weekend, so those two a friend sent me from Epic.

There is also a motion asking the court to approve a stipulation between SCO and the class action IPO case lawyers to lift the stay, on terms (Exhibit A [PDF]) that the plaintiffs will restrict their damages, if proven, to the amount covered by insurance and will waive any claims against the bankruptcy estate. That's a practical solution, actually, under the circumstances. In fact, if I were the plaintiffs, looking at this picture as a whole, I'd consider it my best hope of getting anything, assuming the insurance company is solvent. SCO's position, financially, absent a transfusion of fairy dust, is looking grim, even to my financially unsophisticated eyes. No doubt you'll see many things I miss, but even I can see they appear to be sinking. So, does that mean Me Inc isn't lighting up the sky yet?

Full post as published by Groklaw on October 06, 2008 (boomark / email).