SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Shiva

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bob zagorin who wrote (4824)1/17/1999 3:23:00 AM
From: Ridi J  Read Replies (1) of 5036
 
Could someone please clarify this: The Lirette case was said to be dismissed: "Lirette v. Shiva Corporation Class Action Claim Dismissed
BEDFORD, Mass., Nov. 24 /PRNewswire/ -- Shiva Corporation (Nasdaq: SHVA) announced today that on November 19, 1998, Judge William G. Young of the United States District Court for the District of Massachusetts dismissed the purported class action claim filed against the Company, Frank Ingari, Cynthia Deysher and David Cole on May 21, 1997 (Lirette, et al. v. Shiva Corporation, et al.)."

Now it says Shiva is settling:"The cases involved are Schwartz, et al. v. Shiva Corporation, Los Angeles Superior Court Case Number BC 164278 and In re Shiva Corporation Securities Litigation, United States District Court for the District of Massachusetts Civil Action Number 97-11159-WGY. The settlement amount is $4.35 million, a portion of which will be paid by Shiva's insurer."

The Lirette case IS:"Lirette, et al. v. Shiva Corp., et al.
U.S.D.C. D. Massachusetts
Case No. 97-11159WGY [5/21/97]"

What gives? I am a sucker...er...former Shiva stockholder during this period, and would greatly appreciate any insight here.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext