Investment Fraud |

Stock Market Investment Fraud News

Veritas Suit to Proceed

RSS News Feeds
Investment Fraud
Stock Market Investment Fraud
Healthsouth
Internet Stocks / Dot Com
Worlcomm
Enron
 All RSS Feeds

At a glance:

A judge has ruled that a shareholder class-action lawsuit against Veritas Software Corp. and its top officials may go ahead. 
 
The suit concerns the company's financial results for 2003 and 2004 and alleges fraudulent activities which artificially inflated the share price. 
 

Veritas shareholder class-action suit can go to trial, judge rules

MarketWatch - 5/23/2006 2:20 PM

U.S. District Judge Sue L. Robinson said shareholders had raised enough questions about the Mountain View, Calif., software maker's financial statements for those years for the case to go to trial.
 
Central to the lawsuit are accusations that Veritas artificially pumped up its share price by improperly recognizing revenue from unsigned or otherwise questionable contracts with customers.
 
· Read The Full Stock Market Investment Fraud Article From MarketWatch -->

· Read All Stock Market Investment Fraud News Stories -->

Comments On Stock Market Investment Fraud News Articles:


No Current Comments
Posted by Admin on 3/20/2006

There are no current comments. Why not post one?

Leave a Comment:

Once you click the 'Save Comment' button, you will receive a verification email from our website. Be sure to change any spam settings to allow webmaster@lawsuitsearch.com as a trusted sender.
 
If you are already a member, you can Sign In Here.
 
You can create your own FREE user account that you can use to participate in our message boards, blogs, newsletters and other community activities such as this one. To get your FREE user account, click here.

Email Address:

Your Name:

Message Title:

Message: