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SCO's 8K About the Chapter 11 Trustee and A Change of Control Agreement

By Pamela Jones et al.

SCO has filed an 8K regarding the appointment of a Chapter 11 trustee, and it answers one of our questions:

Pursuant to the Bankruptcy Code, and subject to the supervision and approval of the Bankruptcy Court, the Chapter 11 Trustee will have, upon appointment, authority over the Debtors' assets and affairs and the future course of the Debtors' litigation against Novell, IBM, et al.

So there you have it. That's what it means.

But the 8K also includes a pleasant benefit for Ken Nielsen, who just testified on July 27th on SCO's behalf in the bankruptcy hearing.

Full post as published by Groklaw on August 08, 2009 (boomark / email).