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Two More Objections -- from the US Trustee's Office

By Pamela Jones et al.

Two more objections have been filed in Delaware Bankruptcy Court, this time by the US Trustee's Office, one an objection [PDF] to SCO's Disclosure Statement and another [PDF] to the plan to give SNCP oodles and boodles of money for nothing, or as the objection puts it to pay "bonus compensation" to SNCP "for providing a financing commitment of questionable value at an above-market cost." A "windfall" in short. Forsooth, methinks the worm has turned and these SCO motions are toast, m'lords.

Full post as published by Groklaw on March 28, 2008 (boomark / email).