SCO Group Asked to Repay $20 Million
From Associated Press
A lender is calling due $20 million in loans to SCO Group Inc., a Lindon, Utah, company that has made headlines with suits over Linux-related copyright and licensing claims.
In a letter to SCO on Thursday, Larkspur, Calif.-based BayStar Capital cited unspecified breaches of the loan’s terms in calling the loans.
“This came as a surprise to us,” SCO spokesman Blake Stowell said. “We are seeking more info from BayStar on exactly how they feel we breached the agreement. We feel like we’ve held to the terms completely.”
Shares of SCO fell 60 cents to $7.77 on Nasdaq.
