SCO and IBM Stipulate on Going Forward with Utah Litigation -- It's Game On ~ pj | Linux Today

SCO and IBM Stipulate on Going Forward with Utah Litigation — It’s Game On ~ pj

Written By
Web Webster
Web Webster
Feb 19, 2012

The automatic stay imposed under section 362 of the Bankruptcy
Code is modified to permit IBM (a) to defend the Utah Action and
prosecute its Counterclaims against SCO and (b) to offset any
judgment against it against any claim it may have against SCO;
however, (i) the effect of clause (b) of this paragraph is limited
solely to relief from the automatic stay; SCO shall preserve any
and all defenses to setoff of any such claims that it may have, and
all of IBM?s claims to a right of setoff shall be preserved, and
(ii) IBM shall not seek to enforce against SCO any judgment
obtained in the Utah Action, except as provided in this
Stipulation….

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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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