The Canopy Group is also SCO's largest investor.
SCO Chairman Ralph Yarro had been Canopy's chief executive, and SCO board member Darcy Mott had been Canopy's chief financial officer.in 2004 but retained their positions on SCO's board. The pair challenged their removal in a legal fight with Canopy, a Utah-based venture company initially established by former Novell CEO Ray Noorda.
The settlement of the suits was announced in a statement released Friday by SCO, a small company that rose to prominence with athat contends the Linux operating system violates its Unix intellectual property.
Under the terms of the settlement, Yarro will receive all of Canopy's SCO shares, SCO said. In addition, Canopy paid Yarro, Mott and another former Canopy employee, Brent Christensen, an undisclosed amount of money. Yarro, Mott and Christensen have resigned from all roles at Canopy or companies Canopy invested in. Other terms weren't revealed.
SCO said it was happy with the settlement and the continued involvement of Yarro and Mott. "We believe that SCO will benefit from their long-term view of SCO's shareholder value," the company said in a statement.
SCO has many other issues to contend with, however. Itsis shrinking, a key about its legal claims and SCO is that delayed its annual report.