KingFish
13 Mar 2005, 4:13am
Lindon, Utah-based SCO Group faces potential delisting from Nasdaq after failing to file its annual report.
Meanwhile, Canopy Group, the company's largest shareholder, remains embroiled in a legal fight with SCO Group chairman of the board Ralph Yarro. The Lindon-based venture firm, which owns roughly 30% of SCO Group, in December fired Yarro, who at the time was chief executive at Canopy, amid allegations he and two other executives diverted nearly $25 million in Canopy funds for their own use.
Submitted by: muddocktor
Source: Yahoo (http://story.news.yahoo.com/news?tmpl=story&cid=1498&ncid=1817&e=6&u=/thedeal/20050308/bs_deal_thedeal/scofacesnasdaqdelisting)
Meanwhile, Canopy Group, the company's largest shareholder, remains embroiled in a legal fight with SCO Group chairman of the board Ralph Yarro. The Lindon-based venture firm, which owns roughly 30% of SCO Group, in December fired Yarro, who at the time was chief executive at Canopy, amid allegations he and two other executives diverted nearly $25 million in Canopy funds for their own use.
Submitted by: muddocktor
Source: Yahoo (http://story.news.yahoo.com/news?tmpl=story&cid=1498&ncid=1817&e=6&u=/thedeal/20050308/bs_deal_thedeal/scofacesnasdaqdelisting)