SCO Group Files Bankruptcy in Delaware

Posted on September 18, 2007 by Morris James LLP

The SCO Group, Inc. and SCO Operations, Inc. each filed voluntary petition for bankruptcy under Chapter 11 of the United States Bankruptcy Code. The SCO debtors filed their cases in Delaware, where Judge Kevin Gross will preside. 

 

According to the declaration that the debtors filed in support of their first-day motions, "SCO’s core business focus is to serve the needs of small-to-medium sized businesses and branch offices and franchisees of Fortune 1000 companies, by providing reliable, cost-effective UNIX software technology for distributed, embedded and network based systems." SCO is the name behind popular UNIX programs such as OpenServer and UNIXWare.

The debtor attributes its filing, in part, to competition from alternative operating systems, particularly Linux. SCO has also been involved in high-profile litigation with industry giants such as IBM and Novell that stem from SCO ownership of certain interests in UNIX.

SCO stock is traded on the NASDAQ under the symbol SCOX.
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