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Cahn's 3rd Bill, This One for December Only, $112,677.60

By Pamela Jones et al.

Here it is, SCO's Ch. 11 trustee Edward Cahn's third bill for Blank Rome, covering only the month of December of 2009, for $112,677.60, self-described as actual, reasonable and necessary, 80% of the actual bill for $140,847.00. For a single month. Well, you may say, litigation costs. Dearly. Yes, which is a good reason not to pursue pipe dreams. Oh, add on $7,019.45 for expenses. Because, let's be real, bankruptcy court isn't about getting the creditors one flat dime, is it? That's my observation after watching Delaware at work.

Full post as published by Groklaw on June 18, 2010 (boomark / email).