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HolidayBuyer's Guide
Tech Industry

Short Take: Class-action suit filed against Novell

A class-action suit has been filed on behalf of purchasers of Novell common stock between November 1, 1996, and April 22, 1997. The complaint alleges that, in order to conceal serious problems with Novell's business and thus artificially inflate its stock price, certain Novell insiders concealed the true nature and extent of the company's finances. The plaintiffs in the case are being represented by Milberg Weiss Bershad Hynes & Lerach and Kaplan, Kilsheimer & Fox.

A class-action suit has been filed on behalf of purchasers of Novell common stock between November 1, 1996, and April 22, 1997. The complaint alleges that, in order to conceal serious problems with Novell's business and thus artificially inflate its stock price, certain Novell insiders concealed the true nature and extent of the company's finances. The plaintiffs in the case are being represented by Milberg Weiss Bershad Hynes & Lerach and Kaplan, Kilsheimer & Fox.