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Intellectual Property Law

: Groklaw

Now it's Canadian Nortel Group Filing a Reservation of Rights

By Pamela Jones et al.

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The Canadian Nortel Group has now filed a Reservation of Rights regarding SCO's Notice of Cure Amounts in connection with SCO trying to assume and assign contracts and leases as part of their planned sale of most of the assets in the bankruptcy. Interestingly, their objection isn't to the cure amount:
3. The Canadian Nortel Group has no objection to the proposed cure amount set forth in the Notice or to any contemplated assumption and assignment of the Agreements in these chapter 11 cases. However, the Canadian Nortel Group reserves all rights under applicable law and in the Canadian Proceedings, including the right to repudiate the Agreements, or any agreements ancillary thereto.
I gather they care about who buys the assets, but it could be something else I haven't thought of. When you are the most hated tech company in the land, so to speak, folks get cautious.

Full post as published by Groklaw on November 19, 2010 (boomark / email).

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