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Cahn Files Motion to Approve Stock Options

By Pamela Jones et al.

Now SCO's Chapter 11 Trustee wants the court to approve stock options awarded since SCO filed for bankruptcy. So, here's my question: when does he file a motion to pay Novell what SCO owes them?

And before the court assumes that the 2004 Omnibus Plan is just hunky dory, I would suggest they carefully peruse the documents filed in the Canopy-Yarro litigation, which was about such plans. You might want to at least go over it with a fine tooth comb.

These folks are the very ones who have driven this company into the ground. At what point does the money trough feeding schedule come to an end for them?

Full post as published by Groklaw on January 09, 2010 (boomark / email).