SCO’s Lawyers Are Greedy Too
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WSJ breaks down lawyer’s potential winnings from SCO v IBM: If I ever hear this guy claiming that he’s doing it for the sake of “free enterprise,” I may retch.
“Documents SCO recently filed with the Securities and Exchange Commission say the Lindon, Utah, software firm ‘is in the process of finalizing’ a deal with its counsel. Under the agreement, SCO would pay the lawyers 20% of the proceeds of ‘a sale of SCO during the pendancy of litigation.’ (…) In 4 p.m. trading on the Nasdaq SmallCap Market Wednesday, SCO was at $17.87, giving the company a market capitalization of $247 million. If SCO sells at that price, the Boies firm would be entitled to $49.4 million — and probably more with the premium that usually comes in a takeover.”
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