The Nasdaq market has delisted The SCO Group, the Linux-seller-turned-Linux-litigant now in Chapter 11 bankruptcy protection.
The Lindon, Utah-based company's shares were taken off the Nasdaq because of the bankruptcy proceedings, the company said Thursday in a statement. The company had appealed Nasdaq's decision to do so but lost its appeal on December 21, the company said in a regulatory filing with the Securities and Exchange Commission.
The company filed for bankruptcy protection in the wake of years of steadily declining Unix revenue and a court ruling in August that crippled its legal argument that its proprietary Unix technology is used in open-source Linux. A court ruled Novell still holds the Unix copyrights.