Linked by Thom Holwerda on Mon 19th Oct 2009 19:13 UTC, submitted by SReilly
SCO, Caldera, Unixware Darl McBride. It's the guy everybody hates. Well, he is no longer in charge of SCO, the UNIX vendor who relentlessly litigated against Linux vendors: he has been fired as part of the Chapter 11 restructuring plans for the company. Sadly, the litigation does not end with him, as SCO's new leadership has said in a statement they will continue the litigation.
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RE[2]: Judicial System
by Bobthearch on Tue 20th Oct 2009 14:36 UTC in reply to "RE: Judicial System"
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I think you missed the part where all the legal fighting now is happening in SCO's bankruptcy resolution. Notwithstanding SCO's usual claim that they're going to keep on truckin' (they've always said that), the lawsuits they started are dead, this is now the end-game that we're in.

SCO is in Chapter 11 bankrupcy. Although Chapter 11 can lead to liquidation in some cases (Circuit City), it's commonly known as "Reorganization Bankruptcy" and is a method used to weasel out of paying creditors - getting a fresh start as a 'new' company. If reorganization is successful SCO could cancel the old stock, issue new stock to raise capital, and continue business as usual. Northwest Airlines, KMart, and many other companies have emerged from Chapter 11 and continue business today.

Reply Parent Score: 2

RE[3]: Judicial System
by Ed W. Cogburn on Thu 22nd Oct 2009 02:03 in reply to "RE[2]: Judicial System"
Ed W. Cogburn Member since:

SCO is in Chapter 11 bankrupcy.

I know the difference. If you've been following this story (like on Groklaw) you'd know that SCO has tried everything they could to avoid liquidation (multiple reorg plans, buyout from a friendly), and all of the former have been shot down by the judge, and the latter fell through. The judge is now getting annoyed (the Godot sarcasm wasn't the first).

Dead man walking. Bank it.

Reply Parent Score: 1