|
[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]
|
Re: [PLUG] SCO Group is back in the news
|
Unfortunately for all involved, if the trustee considers the case
worth pursuing, on behalf of creditors, it will proceed in bankruptcy
court.
--
Art Alexion
Sent unsigned from iPod
On Aug 30, 2009, at 3:45 PM, Art Clemons <artclemons@aol.com> wrote:
>> Yeah, it basically said that SCO's suit was not frivolous enough to
>> dismiss it
>> without a trial. And the fact that the Novell royalties were
>> upheld means
>> that SCO will be forced into liquidation (vs. reorganization).
>
>
> Actually what is worse for SCO is that Novell's claim on royalties
> seems
> to put it into the position of a secured creditor. Novell has a good
> argument that SCO has dissipated assets that Novell has/had a valid
> claim on.
>
> Either way, it would appear that Novell also has a valid argument
> about
> contract breach at trial, something the 10th Circuit doesn't seem to
> consider. So no summary but SCO is about to die as a corporate entity
> no matter the findings at trial, assuming it gets to trial.
> ___________________________________________________________________________
> Philadelphia Linux Users Group -- http://www.phillylinux.org
> Announcements - http://lists.phillylinux.org/mailman/listinfo/plug-announce
> General Discussion -- http://lists.phillylinux.org/mailman/listinfo/plug
___________________________________________________________________________
Philadelphia Linux Users Group -- http://www.phillylinux.org
Announcements - http://lists.phillylinux.org/mailman/listinfo/plug-announce
General Discussion -- http://lists.phillylinux.org/mailman/listinfo/plug
|
|