Aided By Buyout Firm, SCO Group Files Ch. 11 Plan

Law360, New York (March 4, 2008, 12:00 AM EST) -- The SCO Group, an embattled Unix software provider that was driven to bankruptcy by the costs of litigating its copyright infringement suits against IBM Corp. and Novell Inc., has filed a Chapter 11 reorganization plan.

Under the filed plan, SCO would provide full payment of both approved and pending creditors' claims as well as distributions to stockholders. The plan also provides for the establishment of a new board of directors and the future appointment of a new chief executive officer.

A hearing for approval of the...
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