Tech Industry

Short Take: Quarterdeck investors sue

Quarterdeck is facing a class-action lawsuit brought by investors charging the company with misrepresenting financial and product information. During the class period of January 26 to June 13, 1996, Quarterdeck stock traded as high as $19-7/8 per share only to fall as low as $8 per share after the company's financial disclosure at the end of the period.

Quarterdeck is facing a class-action lawsuit brought by investors charging the company with misrepresenting financial and product information. During the class period of January 26 to June 13, 1996, Quarterdeck stock traded as high as $19-7/8 per share only to fall as low as $8 per share after the company's financial disclosure at the end of the period.