Litigation

SCO receives Litigation Funding to pursue Linux Case

By David Austin and Barry Goldberg

Just Yesterday I wrote about Litigation Funding.  Today I see a news story covering a case where a company has received funding to do a number of things including funding for a case it is pursuing.  Now this does not appear to be the typical litigation funding arrangement because the money is being used for more than just the lawsuit although it appears to be a key part of the strategy.

Private-equity firm Stephen Norris & Co Capital Partners said on Thursday that it and unnamed Middle Eastern partners will fund SCO Group with up to $100m (£51m) to take over the financially beleaguered Unix company, move it out of bankruptcy protection, complete its controversial and unsuccessful Linux litigation, and take it private.

Source:  ZDNet.co.uk

Full post as published by Cash Flow Solutions Blog on March 03, 2008 (boomark / email).