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Last Minute Filings in SCO Bankruptcy - Hearing Later Today - Update: 1st word

By Pamela Jones et al.

Today is the day for the hearing on whether or not it will be converted from a Chapter 11 case, with hopes of survival as a business, or whether the judge will send it to liquidation in Chapter 7.

There are three last minute filings. IBM has filed an objection to SCO filing its Appendix under seal and asks the court to strike any argument based on material in the appendix. XAC, formerly known as Amici, which I associate with the Boies Schiller folks, filed an objection to the motions to convert, as has Leap Tide Capital Management, and there's an amended notice of agenda for this afternoon's hearing.

Update: First word from the court, during a ten minute break, indicates that SCO has suggested it has a buyer. That doesn't mean it will avoid Chapter 7 of course, nor does it mean that the bankruptcy court will OK the suggested sale. Read on.

Full post as published by Groklaw on June 15, 2009 (boomark / email).