LAWSUITS NEWS & LEGAL INFORMATION
Red Hat Proposes $8.8 Million Shareholder Settlement
This is a settlement for the Securities/Stock Fraud lawsuit.
Raleigh, NC: Possible good news for Red Hat (NYSE: RHT) shareholders, the company has reportedly set aside $8.8 million as a settlement fund for an ongoing shareholder class action.
The suit alleges that the Raleigh-based Linux company misled investors through its financial statements in July 2004.
The terms of the settlement, including the fund itself, are subject to final court approval.
Published on Dec-15-09
The suit alleges that the Raleigh-based Linux company misled investors through its financial statements in July 2004.
The terms of the settlement, including the fund itself, are subject to final court approval.
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