bcoch posted the URL to this news in the Ffinancial Post this morning. As it will be lost by tomorrow, I am pasting the complete text here:
>>>By AMANDA LANG
Technology Reporter The Financial Post
Toronto - Ottawa software maker Corel Corp. faces another U.S. class action lawsuit, this one filed Monday in the U.S. District Court for the Eastern District of New York.
Like the previous class action, which was filed on behalf of investors who bought shares of the troubled company between March 26, 1997, and Jan. 20, 1998, the suit claims Corel violated various sections of the Securities Exchange Act in the way it reported its financial results. On Jan. 20, Corel said it was restating its results for the first three quarters of 1997.<<<
And here is a little more info from Business Wire courtesy of News Alert.
newsalert.com
>>>The Complaint names as defendants Corel and certain of its officers and/or directors, including Michael C. J. Cowpland and Charles A. Norris.
The Complaint charges defendants with violations of Section 10(b) of the Exchange Act in connection with, among other things, their dissemination of materially false and misleading press releases, public filings and/or statements issued during the Class Period concerning Corel's financial results.<<<
>>>Plaintiff seeks to recover damages and other relief on behalf of all members of the Class. Plaintiff is represented by among others, the law firms of Goodkind Labaton Rudoff & Sucharow LLP and Kohn Swift & Graf.<<< |
