UPDATED: SCO's investors grab the helm off legals

By Matt Whipp

Posted on 9 Dec 2003 at 16:37

Kevin McBride represented SCO in Friday's court session that granted IBM's discovery motions that meant SCO had to specify exactly what code it alleges infringes its copyrights. While much weight was put on the absence of star lawyer David Boies, the SEC filing revealed he will only be around for 'critical hearings and depositions and, if applicable, at trial.'

The legal firms are working on two-thirds of the normal hourly rates, but in compensation will receive 20 per cent of any settlements relating to SCO's efforts to gain revenue from its IP claims. Even if SCO is sold, the legal firms are to get 20 per cent of the company's value above the $17.9mn market capitalisation when the agreement was first entered into.

SCO is currently worth some $211mn.

See also:

Gartner predicts SCO will be forced to let lawyers call the shots