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Blank Rome Files a 4th Bill in the SCO Bankruptcy

By Pamela Jones et al.

Another Blank Rome bill has been filed in the SCO bankruptcy, their fourth, this one covering January and February of 2010, which brings us closer to up-to-date, but we are not there yet. That means there will be more bills to come. The total bill is $244,836.50 for fees plus $3,783.55 for expenses, but for now they ask for the usual 80% of the fees, or $195,869.20.

Most of the time reflected in this bill was given to business operations, but a nice chunk of time, $72,029.50's worth, was time that went into the sale of assets and the asset purchase agreement, the sale of the mobility assets to Darl McBride. The bill also covers the loan from Ralph Yarro, the sale of the Caldera domain name, and a bit about the failed Norris deal.

But wait. If $72,000+ is what Blank Rome is charging for their work on selling the mobility assets to Darl and Ocean Park filed bills already for working on the same deal (January, February, March), and Darl only paid $100,000, then wouldn't that mean SCO actually lost money on the sale?

Full post as published by Groklaw on June 24, 2010 (boomark / email).