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SCO Group files for Chapter 11 bankruptcy (Reuters)SCO Group files for Chapter 11 bankruptcy (Reuters)Posted Sep 15, 2007 0:04 UTC (Sat) by pr1268 (subscriber, #24648)Parent article: SCO Group files for Chapter 11 bankruptcy (Reuters)
Wow... I'm surprised they made it this long. I wonder how this will affect the litigation (I didn't say "trial" here because I'm unsure what the status is of any SCO trial at this time).
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The trial is off, for now Posted Sep 15, 2007 0:55 UTC (Sat) by pr1268 (subscriber, #24648) [Link] Having read some of the Groklaw comments, it appears that the trial that was due to start Monday is now off. Related story: A lot of the Groklaw folk mention that the APA money that Judge Kimball has declared is rightfully Novell's is not a debt, but rather non-asset money that SCO appears to be sitting on. In other words, Novell should get their money before the creditors start lining up. According to many posts on Groklaw. IANAL
The trial is off, for now Posted Sep 15, 2007 1:29 UTC (Sat) by ncm (subscriber, #165) [Link] ... but now that the trial is off, Novell don't get to have the court declare how much of the money is theirs, but tSCOg gets to continue spending it.
The trial is off, for now Posted Sep 15, 2007 7:56 UTC (Sat) by mbottrell (guest, #43008) [Link] Whilst the trail is on hold (the further items unresolved), this does NOT stop the Judge calculating the loss to Novell.
In fact it's required in order for the Chapter 11 to actually go ahead.
SCO knows they can't avoid paying Novell, however it's wishing to avoid the deep pockets of IBM and Redhat also taking a slice of them.
The Novell decision has been made (it's only a figure that needs to be placed on it).
The trial is off, for now Posted Sep 16, 2007 17:40 UTC (Sun) by pr1268 (subscriber, #24648) [Link] This sounds like a catch-22. SCO files for Ch. 11 in order to stay the trial that was set to begin on Monday. But, the bankruptcy proceedings cannot begin until the Novell matter is resolved. Seems similar to a deadlock condition I studied in an operating systems class! ;-)
The trial is off, for now Posted Sep 16, 2007 23:48 UTC (Sun) by dlang (✭ supporter ✭, #313) [Link] the bankruptcy court has the power to decide to allow the Novell trial to go forward, and you can bet that Novell is going to ask for exactly that.
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