Teleidoscope

Fri, Sep 14, 2007

SCO Declares Bankruptcy

Posted at 8:14 pm MDT to Current Events

The trial in the SCO vs. Novell case was due take place (finally) on Monday. The main purpose was to determine how much money SCO owes Novell.

Today SCO declared Chapter 11 bankruptcy, which puts all court proceedings on hold. They didn't even mention Novell in their list of creditors, even though the expected judgemment is undoubtably the cause of the backruptcy action. The SCO/Novell court has already determined that SCO converted -- stole -- funds belonging to Novell. Possibly as much as twice the current value of the company. The trial Monday was supposed to determine the exact amount.

So there will be no trial in Salt Lake City next week. But I suspect that the motion practice will be flying fast and thick. And I suspect Judge Kimball out in Utah is pretty thoroughly annoyed. (If he wasn't already annoyed by SCO's shenanigans.)

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