Stephen L. Norris
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Stephen L. Norris is one of the co-founders of The Carlyle Group, an American private equity firm and currently the Chairman of Stephen Norris Capital Partners, LLC. He is a former member of the Federal Retirement Thrift Investment Board, who was appointed by President George H. W. Bush in 1990. [1]
Corporate career
Stephen L. Norris and his Utah partner, Mark Robbins, were subject to a Utah civil complaint filed by his former partners GMG Capital. The case against Norris was dismissed, however, for lack of jurisdiction.[2]
In early 2008, Norris and Robbins announced a memorandum of understanding with the SCO Group, a Unix and Linux software company involved in lawsuits against IBM, Novell, and others. Under the terms of the plan, Norris and Robbins would purchase a controlling interest in SCO for $5 million and the promise of a loan of up to $95 million to fund bankruptcy obligations, future appeal bonds, penalties and litigation expenses. [3] [4]
References
- ^ "SCO Group plans to go private with $100 million investment". Deseret Morning News. Retrieved 2008-03-06.
- ^ GMG Capital Investments v. Robbins et al, 2:06-cv-876 (utd) (nefomatic case page)
- ^ The SCO Group | Investor Relations | The SCO Group Announces Reorganization Plan to Include $100 Million Financing by Stephen Norris Capital Partners
- ^ "Software company SCO gets help from Norris and a Middle East investor, hopes to go private". Associated Press/International Herald Tribune. 2008-02-15. Retrieved 2009-02-27.
Further reading
- Briody, Dan (2003). The Iron Triangle. John Wiley & Sons. pp. 51–59. ISBN 9780471469698.
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