SCO To Fork Over $9M To David Boies And His Legal Eagles

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The SCO Group will pay nearly $9 million to its legal eagles at Boies, Schiller & Flexner LLP to continue its Linux fight against IBM and others.

The Lindon, Utah-based company will pay former Microsoft antitrust prosecutor David Boies and company $1 million in cash and 400,000 shares of its
common stock valued at $7.956 million that will be recorded against the company’s fourth quarter, which ended Oct. 31, the company said.

The funding stems from a $50 million investment in SCO last month from private equity concern BayStar Capital, which now owns 17.5 percent of the
embattled Unix company.

Link: crn.com

Category:

  • Legal