SCO's "Least Supported Idea Yet"

I Don't Believe in Imaginary Property writes "Unsurprisingly, all of SCO's creditors have objected to the plan to reimburse York for the failed 'emergency' deal. Novell's tiny seven page objection (PDF) is hilarious and very readable. They don't hold back at all, saying that 'all that happened is that the Debtors spent money needlessly on a proceeding that was, to all intents and purposes, stillborn had it not been for the stubbornness of the Debtors' management and the avarice of York,' and that it was 'another really bad deal they have chased in ceaseless pursuit of their dreams of a litigation bonanza.' They top it off by concluding with the line, 'for the reasons explained above, the Court should deny the Motion as the Debtors' worst and least supported idea yet in these cases.' One can only wonder how SCO will respond to this."

Wow

[Anonymous Coward]

And I thought the Nazgul played rough..

Of Course IBM and Novell are going to object

[haplo21112]

Other reply other than a rejection would be saying something akin to: "We approve of SCO continuing to attempt to sue us."

SCO should be torn up for parts, Chapter 11 is not the right state from them to be in, they are unsalvagable, Chapter 7 time.

SCO sane?

[suck_burners_rice]

I think it's been widely established that SCO's case is a bunch of hogwash, but this has gone too far for too long. I now question the sanity of SCO's people and of those who keep investing in SCO. And I feel sorry for the judge who has to put up with this nonsense.

Best line in a legal document ever

[Seakip18]

Page 4, half way down...

"Heads I win, Tails you lose" does not pass muster in courts of equity such as this Court

If only I could pull that line off with my coworkers...

Re:It's Shakespeare (almost)

[MightyMartian]

Greatest... Slashdot... post... evvvvvverrrrrr.

Re:kill -9

[dkleinsc]

I'm thinking the right approach is to sic the Crimson Permanent Assurance on them.

Re:What's Left?

[Archangel Michael]

Bankruptcy by itself isn't what I'm talking about. I'm talking about bankruptcy as a means of stalling the inevitable conclusion of another court process.

The fact that SCO is in a court battle, which it is about to lose, should be enough to send the bankruptcy filing back to SCO. The Bankruptcy judge should have said that filing for re-org or whatever is impossible until the other major litigation is completed, which it is. While there is such a huge uncertainty in the long term viability of SCO, Bankruptcy cannot be finalized.

In other words, the Bankruptcy filing is nothing more than a stalling attempt to keep from conclusion the civil matter. However, the civil matter needs to be concluded before any decisions on Bankruptcy claims can be decided.

I have no doubt that there will be nothing left of SCO once the IBM and Novell civil matters are finalized, to declare bankruptcy with.

Re:Of Course IBM and Novell are going to object

[mwvdlee]

Actually, they are objecting to SCO throwing away money which can now be used to continue sueing them. Really, IBM and Novell want to see this through to the end, who doesn't?

Re:Of Course IBM and Novell are going to object

[swillden]

SCO's executives should be torn up for parts

There, fixed that for you.

corporate euthanasia?

[dgbillotte]

As comical as the SCO proceedings have been to read over the last couple of years, it is time to put this beached whale out of its (and ours) misery.

Re:What's Left?

[ArtDent]

Exactly. All the Bankruptcy filing has achieved is delaying the trial by seven months. Absolutely nothing has been resolved while SCO has been in Chapter 11. They've just been able to burn through more of Novell's money.

I don't know how, but I hope this can be used against SCO when judgement day comes. Any attempts to use accounting trickery to argue that Novell's money is gone should be rejected immediately. After all these brazen maneuvers to delay the Novell case, not a single penny left at SCO should be safe. And if that's not enough, then those who have been enriched by this fraud (including the lawyers) should be made to pay.