|Authored by: Anonymous on Tuesday, August 07 2012 @ 03:34 PM EDT|
|I don't have time to go look it up to be sure, but my memory seems to recall|
that the 401K money was separated out early on in the bankruptcy proceedings,
and the winding down is probably going to be in the form of forcing the
ex-employees who still have any funds in the plan to take it out as a rollover
to another 401K or IRA retirement plan.
Likewise, on Novell's money. They were apparently making their required license
revenue payments to Novell all along, with a brief 6 month period early on when
they had stopped, but Novell complained to the court and they started up again.
Much later, at a certain point they stopped collecting the license fees from the
licensees, and so had no more of Novel's money to pay them, so they stopped
paying at that point, but I believe that they did pay Novell all of their
license fees that they had collected (minus SC's 95% administration fee, of
[ Reply to This | Parent | # ]