Law360, New York (February 6, 2008, 12:00 AM EST) -- The SCO Group Inc. has won 120-day extensions of its exclusive rights to file and seek support for a reorganization plan. The company persuaded the judge overseeing its Chapter 11 case that a trial staved off by SCO's bankruptcy filing should be resolved before the debtors put together a blueprint for restructuring.
U.S. Bankruptcy Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware signed off on Tuesday on an a order extending SCO's exclusive control of its bankruptcy.
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.