SCO Group Inc.
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How to (not) fold a companyhttp://www.theverge.com/2012/8/28/3274739/onlive-report Onlive does a purge through BK and emerges on the other side. Fired everyone with no severance paid out. Then sold assets to NewCo. NewCo rehired a few key guys with all the IP assets intact. TaDa. Seems a rather common solution as a local kids gymnastics club did something like this to dodge out of a lease arrangement, yet somehow keep all the equipment.
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| Msg # | Subject | Author | Recs | Date Posted |
| 119417 | Re: How to (not) fold a company | drichards1953 | 14 | 8/29/2012 10:48:50 PM |
