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Intellectual Property Law

: Groklaw

SCO's 8K, Transfer Rights, and Two New Cravath Litigators Join the IBM Team

By Pamela Jones et al.

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IBM is adding two Cravath litigators to its bankruptcy team, Benjamin H. Diessel and Michael T. Reynolds, and SCO has filed an 8K with the SEC, describing the proposed sale and attaching the proposed agreement. I noticed something peculiar about transfer rights. As best I can make out, according to the proposed sale agreement, unXis gets all SCO's assets whether or not the bankruptcy court approves the deal. That can't be right, can it?

Full post as published by Groklaw on July 17, 2009 (boomark / email).

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