Home -> Law Blog Directory -> Intellectual Property Law Blogs -> Groklaw

Intellectual Property Law

: Groklaw

No Bankruptcy Hearing Friday; Incentive Bonuses Motion Continued to April 2

By Pamela Jones et al.

The hearing on Friday has been cancelled in the SCO bankruptcy, as it seems they've worked out the issues that were pending. The Order [PDF] says, "All matters have been resolved by the Court. The hearing has been cancelled." That doesn't mean that the issue about incentive bonuses has been cancelled. It's been continued and will be heard at the April 2nd hearing, at 2 PM. Matters that are resolved without a hearing, with certifications of counsel, are:

1. the SCO Motion to Amend Order Authorizing Payment of Accrued Benefits and for Authorization to Pay Accrued Benefits to Employees Terminated After Entry of Order [Order as PDF], and

2. SCO's Motion for Order Establishing a Bar Date for Filing Proofs of Claim [Order as modified - PDF].

No one objected, even to the latter, which surprises me, but it is what it is. The judge modified the submitted proposed order [PDF], changing the deadline from April 10 to April 21, so evidently there were either informal negotiations and discussions, or the judge himself made the change. It makes no sense to me that any deadline be set before the Novell trial is over, and it doesn't begin until April 29, because we won't know until after the trial what assets SCO might still have, unless the judge is foreshadowing that he intends to approve the new proposed deal. The third possibility is that no one is paying much attention to lesser details. And, in other filings, of course, the lawyers get their fees.

Full post as published by Groklaw on March 06, 2008 (boomark / email).