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Short Take: Informix faces 6th investor suit

Informix is facing a class-action lawsuit filed on behalf of investors charging the company with misrepresenting its revenues, prospects for profitable growth, and other financial results. Brought in the U.S. District Court for the Northern District of California, the suit covers the period of April 16, 1997 to March 31, 1997. It is the sixth such suit brought against Informix since April 14th of this year.

Informix is facing a class-action lawsuit filed on behalf of investors charging the company with misrepresenting its revenues, prospects for profitable growth, and other financial results. Brought in the U.S. District Court for the Northern District of California, the suit covers the period of April 16, 1997 to March 31, 1997. It is the sixth such suit brought against Informix since April 14th of this year.