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Authored by: Anonymous on Wednesday, May 08 2013 @ 07:01 PM EDT |
The stipulation (Appendix 1 to docket
#1396
in the SCO
bankruptcy) has some language which, to my
untrained eye, looks to be
made-for-weasels:2.
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
judgement 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.
I've read it six times now. Still not sure what
it's
saying... but I'm estimating its effect by the fact
that IBM doesn't seem to be
terribly interested.
cpeterson, not signed in[ Reply to This | Parent | # ]
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