I have the same problem when I migrated CS4 to a new Retina MacBook Pro from a Time Machine drive. I get Error: 150:30 when I try to launch Photoshop CS4. The License Recovery Tool does not seem to work with Mountain Lion. I cannot reinstall the software from disc unfortunately. That was too many moves ago and the discs are no longer available. I don't even think the installers will run with the current OS.
Any help would be much appreciated.
All the best,
Tom