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Filing Date: 6/13/2003 Form Type: 10-QFiling Date: 6/13/2003 Form Type: 10-QPosted Aug 13, 2003 19:49 UTC (Wed) by walterbyrd (guest, #11620)Parent article: SCO vs. the Linux world…what's a Linux user to do? (ZDNet)
Maybe slightly off topic, but interesting. Litigation Beginning in July 2001, the Company, certain of its officers and directors, and the underwriters of the Company’s initial public offering were named as defendants in a series of class action lawsuits filed in the United States District Court for the Southern District of New York (the “Actions”) by parties alleging violations of the securities laws. The complaints were subsequently amended and consolidated into a single complaint. The consolidated complaint alleges certain improprieties regarding the circumstances surrounding the underwriters’ conduct during the Company’s initial public offering and the failure to disclose such conduct in the registration statement in violation of the Securities Act of 1933, as amended. The consolidated complaint also alleges that, whether or not the Company’s officers or directors were aware of the underwriters’ conduct, the Company and those officers and directors have statutory liability under the securities laws for issuing a registration statement in connection with the Company’s initial public offering that failed to disclose that conduct. http://www.edgar-online.com/bin/cobrand/finSys_main.asp?nad=&formfilename=0001104659-03-012299&x=10&y=12
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Filing Date: 6/13/2003 Form Type: 10-Q Posted Aug 13, 2003 19:53 UTC (Wed) by corbet (editor, #1) [Link] This is the standard IPO sleaze that afflicted almost everybody who went public during this period. I don't think there is much of real interest here...
Filing Date: 6/13/2003 Form Type: 10-Q Posted Aug 14, 2003 13:44 UTC (Thu) by walterbyrd (guest, #11620) [Link] "officers and directors, and the underwriters of the Company’s initial public offering were named as defendants in a series of class action lawsuits"That's *standard* you say? Everybody that does an IPO is served with a class action lawsuit?
Filing Date: 6/13/2003 Form Type: 10-Q Posted Aug 14, 2003 13:46 UTC (Thu) by corbet (editor, #1) [Link] If you look at IPOs that happened during the Bubble Days, especially dotcom IPOs, the answer is yes. There are plenty of lawyers who specialize in stockholder lawsuits, and they smell blood here.
Filing Date: 6/13/2003 Form Type: 10-Q Posted Aug 14, 2003 19:31 UTC (Thu) by erat (guest, #21) [Link] Jon's right. Non-savvy investors who bought into dot bombs and lost tons of money in the process have been courted by these modern-day ambulance chasers since the tech bubble burst a number of years ago.One of the firms that took out a suit against Caldera included a link to their web site in one of their trolls for plaintiffs. I don't recall the exact number of companies they listed on their site as being sued by the firm, but I do know it took a lot of web browser scrolling to get through the one-per-line listing. I'd have to say there were close to 100. That's just one law firm.
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