SCO files for US bankruptcy protection
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Lawyers got theirs SCO Group today filed for bankruptcy protection. With less than $10m cash left to call on, SCO said that Chapter 11 protection and reorganization would protect assets as it addresses, ahem, "potential financial and legal challenges".â¦
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The embattled Russian oil company Yukos has filed for bankruptcy protection in the United States to prevent the auction of its main asset Yuganskeneftegaz, the Interfax reported on Wednesday.
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Russian oil major YUKOS has filed for bankruptcy protection in a US court and will seek an injunction to stop Russia from auctioning off its main production unit on Dec. 19, it said on Wednesday.
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In another sign of the troubles facing the nation&#39;s biggest airlines, US Airways filed Sunday for Chapter 11 bankruptcy protection for the second time since 2002.
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The San Francisco-based retailer filed for Chapter 11 bankruptcy protection, saying declining sales and three straight years of losses led to a shortage of liquidity.
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Russian oil group YUKOS has filed for  bankruptcy protection in a U.S. court in an attempt to stop the  Russian government from auctioning off its main production unit  on Dec. 19, it said on Wednesday.
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Yukos oil company said it had filed for bankruptcy and reorganization in a United States Court, under Chapter 11 of the US Bankruptcy Code.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it filed for Chapter 11 bankruptcy protection in the US and asked for an emergency court hearing to stop the sale of its main unit in four days.
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The seventh largest US air carrier, US Airways, has filed for bankruptcy protection for the second time in two years. The airline asked a federal court in for restructuring protection Sunday after failing
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The embattled Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order and injunction against the auction of its main production unit that is scheduled for Sunday.
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DONALD TRUMPâS casino business filed for Chapter 11 bankruptcy protection yesterday, a month after the New York magnate halved his stake in the unit in an effort to stave off a debt crisis.
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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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The SCO Group, the software maker that sued I.B.M. for copyright infringement, filed for bankruptcy yesterday, 10 days after conceding that much of the case should be dropped.
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SAN FRANCISCO - IBM Corp. is seeking dismissal of a second major component of the lawsuit filed against it last year by Unix vendor The SCO Group Inc., according to court documents filed Friday by IBM. The documents, filed with the U.S. District Court for the District of Utah, argue that SCO's breach of contract allegations should be dismissed from the lawsuit.
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After losing a court ruling to Novell and then seeking Chapter 11 bankruptcy protection, The SCO Group said that there is "substantial doubt" about its ability to continue as a viable business.
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(InfoWorld) - Following its bankruptcy filing, The SCO Group may be booted off of the Nasdaq stock exchange as early as next week, the Unix vendor said Wednesday. The stock exchange informed SCO on Tuesday that "the Company's securities will be delisted from Nasdaq on September 27, 2007, pending an appeal," SCO said in a statement . This comes as a result ofÂ SCO's recent filing for Chapter 11 bankruptcy protection,Â the companyÂ said. SCO has asked for a hearing to appeal the decision, so it may be able to stave off delisting if it can present the Nasdaq's Listing Qualifications Panel -- a group of independent industry experts -- with a viable business plan, said Wayne Lee, a Nasdaq spokesman. The delisting notice is the latest in a series of bad news for the company, stemming from its August 10 legal defeat to Novell. In a series of rulings,Â a federal judge found that Novell and not SCO owned copyright to the Unix operating system. In addition to putting SCO in a position where it may have to pay millions of dollars in compensation to Novell, the ruling also underminedÂ SCO's legal battle with IBM, which relates to IBM's support of the Linux operating system. "As a result of both the Court's August 10, 2007, ruling and the Company's entry into Chapter 11, there is substantial doubt about the Company's ability to continue as a growing concern," SCO said in its most recent U.S. Securities and Exchange Commission filing. SCO's stock (SCOX) has been pounded since August 10, when it opened at $1.49. On Wednesday it closed at $0.20.
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The SCO Group has been removed from the Nasdaq Stock Market because the company declared bankruptcy in Septembe...