Loading ...SCO Group files for Chapter 11 bankruptcy
Finally, the SCO Group, Inc files for bankruptcy. SCO tried to attack on Linux by filing lawsuits claiming its UNIX software code was used in Linux operating system. SCO has claimed that IBM inappropriately contributed to the development of Linux. Darl McBride has the unenviable reputation as the man who tried to milk Linux:
As CEO and president of SCO Group, McBride has spent the last few years trying to collect billions in licensing fees from companies using the Linux operating system, earning the wrath of the world's open-source geeks. For scores of programmers, here was a lawyered-up copyright troll trying to shake down Linux -- the free, open-source operating system built by idealistic hackers working for the common good.
On September 14, 2007, SCO filed for Chapter 11 Bankruptcy:
Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to any business, whether organized as a corporation or sole proprietorship, or individual with unsecured debts of at least $336,900.00 or secured debts of at least $1,010,650.00, although it is most prominently used by corporate entities.
Read more:
- SCO Group files for bankruptcy
- The SCO Group Files Chapter 11 to Protect Assets as It Addresses Potential Financial and Legal Challenges
- SCO Files For Chapter 11 Bankruptcy
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Tags: bankruptcy_laws, chapter_11_bankruptcy, darl_mcbride, legal_challenges, linux_operating_system, sco_group_inc
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