SCO files for chapter 7 (Groklaw)

Groklaw reports
that the SCO group has filed for chapter 7 liquidation. "I will
try my best to translate the legalese for you: the money is almost all
gone, so it's not fun any more. SCO can't afford Chapter 11. We want to
shut the costs down, because we'll never get paid. But it'd look stupid to
admit the whole thing was ridiculous and SCO never had a chance to
reorganize through its fantasy litigation hustle. Besides, Ralph Yarro and
the other shareholders might sue. So they want the litigation to continue
to swing in the breeze, just in case."