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SCO's Lawyers Analyzed

byteCoder writes "Today's Wall Street Journal has an article (subscription required) which highlights the arrangement disclosed by this freely available SEC filing made between SCO and its law firm (run by lawyer David Boies) giving the law firm of Boies, Schiller & Flexner LLP 20% of the proceeds from the settlement or of "a sale of SCO during the pendancy of litigation." (Search down for "Arrangement with Counsel".) Apparently, if SCO is taken over while litigation is pending, Mr. Boies' law firm could stand to earn 20% of yesterday's market cap of $247M = $49.4M plus the premium associated with the increase in stock price due to the takeover. Of course, if SCO is successful in getting any part of their requested $3Bn in damages from IBM, the payday to the lawyers would be much greater."

3 of 331 comments (clear)

  1. Re:Lawyers greedy shock by bpmcdermott · · Score: 0, Offtopic

    no. it's more typical inflammatory slashdot bs.

  2. your sig by DunbarTheInept · · Score: 0, Offtopic


    Anger is always - always - fear in disguise. -- Spider Robinson

    This "Spider Robinson", whoever that is, is wrong. You can get angry about something which you are not directly involved in, and thus are under no danger from, and thus have no fear about. All it takes for that to happen is to witness a wrongdoing against someone else, and to have a shred of human empathy for that someone else.

    --

    Don't label something "offtopic" unless you know the topic well enough to tell what's on topic.

  3. Re:Contingency by EvilAlien · · Score: 0, Offtopic

    Mod this up for an obscure Office Space reference, dammit!

    --
    perl -e 'print $i=pack(c5, (41*2), sqrt(7056), (unpack(c,H)-2), oct(115), 10)'