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SCO Caps Legal Expenses At $31 Million

Posted by timothy on from the nice-prime-number-of-millions dept.

uniqueCondition points to a story on News.com, writing "With SCO's legal costs reaching $7.3 million in their most recent quarter, nearly half of the $15 million it has spent in the last five quarters, SCO can't afford this kind of litigation. They have therefore limited their payment to $31 million for the entire case and is giving their legal team a larger slice of any settlement SCO achieves. Under the current agreement, the firm's contingency payment is 20 percent of a settlement. Under the new agreement, that increases to a range of 20 to 33 percent." uniqueCondition links also to coverage at Techrepublic.com, InformationWeek and The Inquirer.

11 of 341 comments (clear)

  1. HA by Anonymous Coward · · Score: -1, Redundant

    poor bastards.

  2. Wow! by A.T.+Hun · · Score: 0, Redundant

    You mean that the lawyers will get 33% of nothing instead of 20% of nothing? What a deal!

  3. Must...resist... by Anonymous Coward · · Score: -1, Redundant

    SCO can't afford this kind of litigation.

    BWAHAHAHAHAHAAHAHAAAAA! :P

    Sorry, I'll go now...

  4. so what by Anonymous Coward · · Score: -1, Redundant

    33 % of nuthin is still nuthin..

  5. 33% Yeah Baby!! by The_DoubleU · · Score: 0, Redundant
    Under the new agreement, that increases to a range of 20 to 33 percent.
    If my calculator informs me correctly. 33% of 0 Dollars is still........... 0 Dollars.
    I was a layer in this case I would ask just for the 31 M Dollars and leave the building.
    --
    What power has law where only money rules.
  6. hahaha by Anonymous Coward · · Score: -1, Redundant

    lol

  7. Percent? by bobbozzo · · Score: 0, Redundant

    Isn't 33 percent of 0 still the same as 20 percent of 0?

    --
    Nothing to see here; Move along.
  8. Correct me if I'm wrong... by kkovach · · Score: -1, Redundant

    ...but isn't 20% of 0 and 33% of 0 the same thing?

    - Kevin

    --
    The less confident you are, the more serious you have to act.
  9. Basic Maths by jrossi02 · · Score: 0, Redundant

    20 to 33 percent

    Well here is evidence SCO knows its going to lose and the lawyers think they are going to win.

    Offer them a bigger fatter portion of the zero dollars they will end up with and continue to drag the case on nice and cheap.

  10. 33% by LouCifer · · Score: -1, Redundant

    of nothing is still nothing.

    Their lawyers are bigger fools than Darl is.

    --
    Religion is for people afraid of going to hell.
  11. How smart of them... by Bull999999 · · Score: 1, Redundant

    So they'll now be getting 33% of $0 instead of 20% of $0? What a deal!

    --
    1f u c4n r34d th1s u r34lly n33d t0 g37 l41d