SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mad2 who wrote (3213)11/19/2000 9:09:04 PM
From: RockyBalboa   of 3543
 
Bankruptcy Judge Scolds Scour's Attorneys for Owning Shares in Site's Suitor
U.S. Bankruptcy Judge Kathleen P. March castigated attorneys for Scour on Tuesday when they revealed in open court that their firm owns $270,000 worth of shares in Listen.com, a company that is negotiating to buy the defunct file-sharing site's assets, according to a newswire report. Citing what she called a distressing “conflict of interest,” Judge March said, “In ten years on the bench, I've never seen this sort of professional irresponsibility.” The firm acquired the stock after negotiating the acquisition of Wired Planet — a provider of streaming entertainment — by Listen.com in September. March said the attorneys would receive no fee for their involvement in the sale of Scour's assets.

Judge March ruled that Scour's assets will be sold in a court-supervised auction in Los Angeles on Dec. 12, and that any party able to come up the $500,000 deposit and prove financial credibility can participate in the auction. The hearing also threw into question Scour's previously announced plan to sell its assets to Listen.com, a digital music directory and search engine whose minority owners include all the major record labels, for $5 million plus stock.

abiworld.org
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News