SCO Declares Bankruptcy
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With its cash reserves running out, the SCO Group Inc. has filed for bankruptcy protection.
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McLean-based furniture maker Rowe Cos. filed for bankruptcy protection yesterday and announced plans to sell Storehouse, the company's home furnishings retail outlet, to focus on its manufacturing business.
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The SCO Group has been removed from the Nasdaq Stock Market because&#160;the company declared bankruptcy in September.
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Enough to pay the lawyers off The SCO Group, which earlier this month filed for bankrupcy protection, says it has received an offer for its Unix business.â¦
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A member of the Saudi royal family and a private equity group are coming to the rescue of SCO Group, a company that claims it holds the copyright to the ubiquitous Unix operating system and that developers of the Linux open-source operating system stole it.
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The SCO Group has asked the Utah district court overseeing its $5 billion suit against IBM to postpone any decision on any IBM dispositive motions - like the one the court is supposed to hear on Wednesday seeking a partial summary judgment in IBM&#39;s favor
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The Fair Game column on Feb. 3, about problems at mortgage lenders, misstated the circumstances surrounding a bankruptcy filing related to the home mortgage lending unit of NovaStar Financial. An involuntary petition to force the unit into bankruptcy was filed with the court on Jan. 24 by a creditor who won a $49 million judgment against the unit; the unit did not file for bankruptcy. (On Feb. 7, the judge overseeing the case ruled against the petition.).
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Almost fully functional Cluster Watch: Day 6 It may have been CEO Darl McBride or attorney David Boies, but someone has stepped up to fix the SCO Group's web site.â¦
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The creditors of South Korea's top credit card issuer say it will be declared bankrupt if LG Group fails to sign up for a $1.1bn  rescue plan by Wednesday.
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The SCO Group Inc., licenser of the Unix operating system, filed for bankruptcy protection Friday, drained by unsuccessfully filing lawsuits claiming its software code was misappropriated by developers of the open-source Linux operating system.
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3,000 jobs axed BenQ's mobile phone business - the former Siemens division BenQ took over less than a year ago for â¬250m - is facing imminent collapse.â¦
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Patent lawyers' benevolent fund 86'd in ticker bicker Battered unix patent warrior SCO has been booted from the Nasdaq after it lost an appeal against delisiting by the New York technology market.â¦
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With its cash reserves running out and its legal case against IBM Corp. unraveling, The SCO Group Inc.  says there is doubt that it will remain afloat.
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Reorganisation may kill it SCO has filed its latest annual report with the Securities and Exchange Commission, and it makes grim reading.â¦
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The SCO Group has been removed from the Nasdaq Stock Market because&#160;the company declared bankruptcy in September.The stock market delisted SCO and suspended trading of its shares (SCOX) at the beginning of trading on Thursday, SCO said in a filing to the U.S. Securities and Exchange Commission. Nasdaq had told the company in September that it would be delisted, and SCO&#39;s subsequent appeal of that determination was turned down.SCO has been waging an expensive legal battle against IBM for years, claiming the company inappropriately used copyrighted SCO Unix code as part of its support of the Linux operating system. SCO suffered a major loss in that case in August when&#160;a federal judge ruled that Novell, not SCO, owned the Unix copyright. In September, the Lindon, Utah, company said the ruling might cost it US$30 million and that it had just $10.4 million in cash.In October,&#160;SCO said it had a &quot;potential&quot; buyout offer for $36 million from JGD Management, a company affiliated with investment firm York Capital Management. That deal would have to be approved by the bankruptcy court.
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By Bob Mims, The Salt Lake Tribune  Dec. 15--Utah's SCO Group has asked a federal judge to reconsider  striking most of the claims from its $5 billion, Linux-related lawsuit against  IBM.   But they don't want anyone to know why.
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The Nasdaq stock exchange has threatened to delist SCO next Thursday, due to its Chapter 11 bankruptcy filing.