The remnants of embattled software firm SCO Group has entered the final phase of its bankruptcy proceedings and liquidation.
The company, now known as TSG Group, on Tuesday filed a motion to move from Chapter 11 to Chapter 7 bankruptcy protections, an indication that the firm has no "reasonable likelihood" of paying its debts and would enter final liquidation.
According to a copy of the filing posted to the GrokLaw blog, the company will seek to continue its remaining legal actions. GrokLaw, which has had a long and contentious history with SCO, said that the filing marks the final death throes for the infamous Unix vendor.
"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," the site wrote of SCO's intent.
"But it'd look stupid to admit the whole thing was ridiculous and SCO never had a chance to reorganise through its fantasy litigation hustle."
SCO attracted the ire of the open-source community in the early part of the 2000s when the company claimed that the Linux platform infringed upon copyrights it held over Unix components. Seeking a lucrative licensing structure, the company filed suit against both IBM and Novell alleging infringement.
Ultimately, the company's campaign proved unsuccessful and after a court ruled in 2007 that key Unix patents were held by Novell and not SCO, the company was forced to enter Chapter 11 bankruptcy protection.
SCO had been hoping to emerge from the bankruptcy protections through subsequent legal victories and new financial backing. The company was dealt a fatal blow, however, when in 2010 a judge ruled in favour of Novell on SCO's final Unix claim.
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