Breaking Cases/Current Investigations

In re Corel Corp. Securities Litigation

We were co-lead counsel representing Corel stock purchasers. The lawsuit alleged that Corel and its former CEO had falsely represented that Corel expected to post a substantial profit for the fourth quarter 1999, when they instead knew that Corel would post a loss. The lawsuit also alleged that the defendants had misrepresented Corel’s potential in the Linux market. We settled this case for Corel’s investors for $7 million.