To: A. Reader who wrote (6519 ) 6/18/1999 6:27:00 PM From: Gutterball Respond to of 9798
Corel Announces Resolution of Karla Lyon Class Action Lawsuit - Action is dismissed in court OTTAWA--(BUSINESS WIRE)--June 18, 1999--Corel Corporation (NASDAQ: COSFF, TSE: COS) today announced the resolution of the lawsuit initiated in September, 1998, by Karla Lyon as a proposed ''right of publicity'' class action. Yesterday, San Diego state court dismissed the claims by Karla Lyon and the other named plaintiffs against Corel in full, when the plaintiffs stated to the court that they did not believe that they could support class certification. Corel purchased photographs of Ms Lyon and the other named plaintiffs from reputable stock photographers and then used the photographs in various Corel products. Corel's standard photo purchase agreement requires photographers to represent and warrant that they have all necessary rights to the photographs. ''We are pleased that this case is resolved,'' said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. ''We have vigorously defended this action from the beginning and are extremely satisfied with the outcome.'' Corel Corporation Corel Corporation is an internationally recognized developer of award-winning graphics and business productivity applications. Development of market-leading products such as the CorelDRAW(®line of graphics applications and the Corel® WordPerfect® Suite of business tools is continually evolving to meet the demands of the corporate, retail and academic markets. Committed to performance, compatibility, value and open standards, Corel develops products for the Windows®, Macintosh®, UNIX®, Linux® and Java(TM) platforms. Corel's common stock trades on The NASDAQ Stock Market(SM) under the symbol COSFF and on the Toronto Stock Exchange under the symbol COS. For more information visit Corel's Web site at www.corel.com. Corel, WordPerfect, CorelDRAW and the Go Further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. UNIX is a registered trademark of The Open Group. All other product names are trademarks of their respective companies. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders. -------------------------------------------------------------------------------- Contact: Corel Corporation Stefania Allevato (Canada), 613/728-0826 ext. 5003 E-mail: stefaniaa@corel.ca Website: www.corel.ca or Corel Corporation Catherine Hughes (US), 613/728-0826 ext. 1659 E-mail: catherineh@corel.ca