RBC rethinks SCO deal

Wednesday, December 10 2003 @ 08:34 AM CST

Contributed by: Linegod

The Royal Bank of Canada is changing the terms of its investment in SCO Group, which claims copyright ownership over parts of the Linux operating system.

RBC, which along with investors at U.S-based BayStar Capital Partners pumped $50-million (U.S.) into the company in October, wants to distance itself from any sale of SCO that would result in a 20-per-cent contingency payment to the company's lawyers.

The agreement between the software maker and its lawyers for the high contingency fees has raised many eyebrows in the banking and high-tech industries.

Read the full thing here

Undermine and cast FUD at the work of hundreds of developers, that's fine. Pay lawyers? That's crossing the line :)

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