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U.S. Trustee Moves to Convert SCO Bankruptcy to Chapter 7 - Updated
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| Here it is, the moment many of you have been waiting for: the U.S. Trustee's
| office, through its counsel Joseph J. McMahon, Jr., has filed a motion in the
| SCO bankruptcy proceeding to convert the SCO's Chapter 11 to Chapter 7. And I
| think this will be your favorite sentence:
|
| Additionally, not only is there no reasonable chance of "rehabilitation"
| in these cases, the Debtors have tried — and failed — to liquidate their
| business in chapter 11.
|
| So what's left? Dismissal or, more logically, Chapter 7. SCO's been in
| Chapter 11 as long as it's supposed to be, and it's tried three times to
| figure out a "rehabilitation" plan, and nothing panned out. Meanwhile, SCO
| reports a net negative cash flow of more than $3.5 million in its March 2009
| report. $3.5 million since the bankruptcy was first filed in September 2007,
| and that represents cause to switch to Chapter 7, the Trustee's Office
| argues, due to "substantial or continuing loss to or diminution of the estate
| and the absence of a reasonable likelihood of rehabilitation." That's $3.5
| million that could have been paid to Novell.
|
| I never expected SCO to be rehabilitated. Oh. Different definition. The
| Trustee's Office means "to put back in good condition; re-establish on a
| sound, firm basis." I mean to admit it was wrong, turn around and sin no
| more. Like *that* will ever happen.
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http://www.groklaw.net/article.php?story=2009050519075131
Related:
Maureen O'Gara Disparages Judge Dale Kimball's Ruling
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| Maureen O'Gara, that intrepid American technology [sic] journalist [sic],
| took a swipe at Judge Kimball's ruling in SCO v. Novell. And she did it
| behind the ".NETDJ News Desk" byline on the cutting edge Sys-Con website,
| Open Source version. (If you want the entire article, Google for it. I refuse
| to provide a link.
|
| [...]
|
| And you thought Maureen had been banned from Sys-Con, didn't you?
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http://blogbeebe.blogspot.com/2007/08/maureen-ogara-disparages-judge-dale.html
Dan Lyons gets obsessed
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| If you read Dan Lyon's blog, 100% of it in recent time has been
| snippy comments directed to Groklaw and other Open Source entitities.
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http://technocrat.net/d/2007/4/6/17445
Where'd They [Microsoft and its ilk] Get That? - Part One
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| Is that not a wonder? She [O'Gara] tells us what is in a sealed
| document, that it is about some privileged IBM email. Privileged
| means that the public isn't supposed to learn about it. So does
| sealed. If you go to the court, they are not supposed to give you
| that info, so the logical source would be one of the parties. I
| think we may safely assume it wasn't IBM, and it would be improper
| for SCO to release it.
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http://www.groklaw.net/article.php?story=2007040623380173
Groklaw's Jones Confident Amid SCO Deposition Summons
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| A bit of personal viewpoint, if I may: Throughout this case, a number
| of parties and even some individuals in the press, with the
| noteworthy exception of Pamela Jones, have tried to make this story
| about themselves. It's as if Groklaw managed to prove that one
| individual can indeed be influential, but they can't seem to
| re-create the formula to build a similar platform for themselves.
|
| There's also perhaps a bit of envy on the part of some observers
| that a following of thousands can be assembled around an
| essentially anonymous writer who wishes to maintain her anonymity,
| and who has aptly demonstrated her legal right to do so.
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http://www.betanews.com/article/Groklaws_Jones_Confident_Amid_SCO_Deposition_Summons/1175883551
http://tinyurl.com/38u67u
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