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SCO enters bankruptcy dissolution proceedings

Company files for Chapter 7 liquidation
Wed Aug 08 2012, 10:25
tux

THERE'S NOT LONG LEFT for software firm The SCO Group (TSG), which has entered the final phase of bankruptcy proceedings and liquidation.

The company formerly known as SCO has filed a motion to move from Chapter 11 to Chapter 7 bankruptcy, an indication that the firm has no "reasonable likelihood of rehabilitation" or paying its debts and will enter final liquidation.

According to a copy of the filing posted to the Groklaw blog, the company will seek to continue its remaining legal actions. Groklaw, which has covered SCO from the outset, said that the filing marks the final death throes for the infamous UNIX vendor.

"The money is almost all gone, so it's not fun any more. SCO can't afford Chapter 11. We want to shut the costs down, because we'll never get paid," Pamela Jones wrote of SCO's intent at Groklaw.

"But it'd look stupid to admit the whole thing was ridiculous and SCO never had a chance to reorganize through its fantasy litigation hustle."

SCO gained the scorn of the open source community starting in 2003 when the company claimed that Linux infringed UNIX copyrights it claimed to hold. Seeking a buyout or licensing fees, the company filed lawsuits against both IBM and Novell alleging copyright infringement and slander of title, respectively.

Ultimately, SCO's campaign proved unsuccessful and after a court ruled that the UNIX copyrights were held by Novell and not SCO, and that ruling was upheld on appeal, the company's dreams faded into dust. µ

 

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