# SCO files Chapter 11 bankruptcy - Seeks court protection from its own lawsuits, Egan Orion, The Inquirer: ON FRIDAY AFTERNOON, both SCO Group and its subsidiary SCO Operations, Inc. filed voluntary petitions for Chapter 11 bankruptcy in US Bankruptcy Court in Delaware.
Trading in SCOX was halted on the NASDAQ exchange ahead of the news but resumed before closing. SCO stock lost 43% on the news, ending the day at 37 cents per share....
Judge Kimball's August 10 rulings in effect almost totally demolished SCO's cases against both Novell and IBM.
Novell, because ownership of the UNIX SVRX copyrights was SCO's major issue, and Novell won several rulings that in effect turned the lawsuit around into Novell v. SCO.
[PJ: This is a very concise and clear summary of the SCO saga.]