Court Blocks SCO Sale

Kara Reeder

A judge has ruled that SCO cannot sell off part of its business in order to fund its ongoing litigation against Novell and IBM, reports The Register. In June, SCO proposed a deal in which Gulf Capital Partners LLC would purchase the company's UNIX business while still allowing SCO to keep its licensing claims.

 

U.S. bankruptcy judge Kevin Gross also appointed an administrator to oversee the company's next moves. The administrator will decide if there is value in SCO continuing legal action, according to V3.co.uk. Judge Gross says,

 

"The court's decision to appoint a Chapter 11 trustee will enable an independent fiduciary to assess the litigation with the confidence of the court and without the doubts raised by debtors' adversaries in the litigation."


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