More on SCO's Chapter 11 Filing

In yet another chapter of what is one of the longest-running soap operas in tech today, the SCO Group has filed for voluntary Chapter 11 bankruptcy protection.

The timing of this filing -- the Friday before its trial with Novell was supposed to begin -- is seemingly based more on self-preservation than a lack of cash. The Chapter 11 filing stays that trial until the bankruptcy matter is resolved, if ever. It will also stay the upcoming IBM trial until its scheduled beginning should it remain in Chapter 11.

Legal analyst Roger Parloff suggests that SCO may have taken this action to try to gain the support of the bankruptcy court in its ongoing legal offensive. It's the responsibility of the bankruptcy court to maximize the value of the assets of the company, so Parloff speculates that SCO is hoping that the bankruptcy judge assumes jurisdiction for the trial that it has already largely lost in summary judgment. It's a long shot, he concludes, and may only delay the inevitable.

This Groklaw post, which lists everyone to whom SCO owes money, is interesting reading.

Posted by Peter Varhol on September 18, 2007 at 11:57 AM


Featured

  • 2019 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss this year.

  • Microsoft Rolls Out SQL Server 2019 RC1

    The first release candidate of the forthcoming SQL Server 2019 product can now be downloaded from Microsoft's Evaluation Center page.

  • The 2019 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generation of HoloLens, here's what's on tap from Microsoft this year.

  • Microsoft, Tech Leaders Back Confidential Computing Consortium

    The Linux Foundation on Wednesday announced the formation of a new group that aims to ensure the security of processed data.

RCP Update

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.