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Ocean Park Files its October Bill - It's 13th So Far in SCO Bankruptcy - Plus Aug. 23rd Hearing Transcript

By Pamela Jones et al.

Ocean Park Advisors has now filed its bill for October in the SCO bankruptcy, its 13th bill. If you are sick of this case, imagine how they feel. All their advice and here's SCO, still stuck in the bankruptcy mud. Indeed one sees signs of OPA looking for an exit. In Exhibit A [PDF], on page 5 we find notations like these:

• "Work with OPA team on financial analysis and wind-down scenarios for SCO"
• "Preparation of initial financial plan for case resolution. Research of various documents and consultation with legal counsel to Ch. 11 Trustee"
• "Review and formulate sources & uses analysis for case closure"

Meanwhile, there is another monthly bill for SCO to pay, ha ha, for $10,611 plus expenses, all in the pretense that SCO is restructuring and will emerge from Chapter 11 to fight another day. And who can say nay, given that Novell has agreed to merge with AttachMate, thanks to a payment by a Microsoft-organized consortium for some patents to sweeten the deal? Stay tuned. That's my advice. It's the saga that never ends.

Full post as published by Groklaw on November 23, 2010 (boomark / email).