Advanced

SCO vs. Linux: SCO gets Chapter 11 trustee

Posted by Scott_Ruecker on · 4 comments
Heise		Mail this story
Print this story

A Chapter 11 trustee has been commissioned to take over the business affairs of the SCO Group, which is threatened by bankruptcy. The trustee will work to guide the company out of the impending bankruptcy according to Chapter 11 of US bankruptcy code, but can also send the company into liquidation according to Chapter 7 and auction individual company assets to the highest bidder. With this order, the Bankruptcy Court in Delaware has removed SCO's executive board.

Full Story

  Nav
» Read more about: Groups: SCO, Linux; Story Type: News Story

» Get new stories by e-mail: nightly or as they are published

« Return to the newswire homepage

  Related stories
» More like this

Comments (4)

caitlyn ·
Pity that SCO is going to get another go at reorganization, meaning another go at litigation roulette. More lawsuits, more appeals, more lawyers making money, and nobody else gaining a thing. I wish SCO was forced into Chapter 7 liquidation already, They have no more meaningful products and nothing to offer anyone.
jdixon ·
> meaning another go at litigation roulette.

At least it won't be Darl and company making the decisions now. Maybe someone with some sense will realize that the lawsuits were baseless to start with and move on to Chapter 7.
caitlyn ·
One can only hope...
softwarejanitor ·
@jdixon Wish in one hand and... well, you've probably heard that one before.

Post a comment

A free account is needed to post. Write your comment here first: your text is kept in this browser while you sign up or log in, and is waiting for you when you come back.

Your message:
|||||
10
Markdown: **bold**, *italic*, [text](https://link), - lists, > quotes, $x^2$ for math. Formatting help

Sign up and post (it is free)  or  Log in and post