Forbes.com: Boies Joins SCO Shakedown | Linux Today

Forbes.com: Boies Joins SCO Shakedown

Written By
Web Webster
Web Webster
Nov 19, 2003

[ Thanks to st1d for
this link. ]

“In an arrangement that legal eagle David Boies characterized as
‘not usual but not unique,’ his law firm today said it would accept
$1 million in cash and 400,000 shares in its client SCO, as part of
a partnership that aims to extract licensing fees from Linux
customers.

“As a result of the stock issuance and cash payout, SCO will
take an $8.9 million charge ($7.9 million of which is non-cash)
against fourth-quarter earnings. SCO will take an additional
non-cash charge of $8.74 million for the conversation related to
the issuance of stock. The money and shares are separate from a 20%
stake in SCO that Boies’ firm would receive in the event of a
settlement or sale of the company.

“Boies’ firm, Boies, Schiller and Flexner, has been representing
SCO in its multibillion-dollar lawsuit against IBM. SCO claims that
IBM is violating its patents by illegally distributing its ‘System
V’ Unix technology within Linux…”

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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