Yarro-Canopy Settlement Details Released
March 13, 2005 Leave a comment
The details of the Yarro-Canopy case I posted about here have now been released. Yarro and the other two former execs agreed to drop their case and in exchange Yarro received all of the SCOX stock that Canopy held – 5.4 million shares of stock or about 30 percent of all shares. The two parties also stated that while there were other issues in their agreement, those other matters would be kept confidential. My question is, did Yarro really want a pile of SCO stock? Was he one of the people leading the litigious charge from within Canopy? As of now, Yarro has not announced any change in course in regards to the IBM case. That speaks volumes to me.