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 09/18/2007 at 1:23 PM


Featured

  • Basic Authentication Extended to 2H 2021 for Exchange Online Users

    Microsoft is now planning to disable Basic Authentication use with its Exchange Online service sometime in the "second half of 2021," according to a Friday announcement.

  • Microsoft Offers Endpoint Configuration Manager Advice for Keeping Remote Clients Patched

    Microsoft this week offered advice for organizations using Microsoft Endpoint Configuration Manager with remote Windows systems that need to get patched, and it also announced Update 2002.

  • Azure Edge Zones Hit Preview

    Azure Edge Zones, a new edge computing technology from Microsoft designed to enable new scenarios for developers and partners, emerged as a preview release this week.

  • Microsoft Shifts 2020 Events To Be Online Only

    Microsoft is shifting its big events this year to be online only, including Ignite 2020.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.