SCO files for Chapter 11 Bankruptcy Protection
Here’s the title of the press release: “The SCO Group Files Chapter 11 to Protect Assets as It Addresses Potential Financial and Legal Challenges”, which you can find here. They say reorganization “ensures business as usual.”
It may also act as a useful extra delaying tactic in the determination of how much they owe Novell in their trial..
Some of SCO’s remaining claims were yet to be decided at trial, which was to begin Sept. 17. The trial will be stayed under bankruptcy law, according to Novell public relations director Bruce Lowry. “We’ll be looking at our options,” he said.
