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Short Take: 3Com slapped with shareholder lawsuit

3Com has been hit with a shareholder lawsuit brought by two pension funds. The Louisiana School Employees' Retirement System and the Louisiana Municipal Police Employees' Retirement System allege that the networking company issued false and misleading statements regarding its revenues and its merger with U.S. Robotics. The suit is one in a string of legal actions relating to 3Com's merger and the merger's affect on the company's earnings.

3Com has been hit with a shareholder lawsuit brought by two pension funds. The Louisiana School Employees' Retirement System and the Louisiana Municipal Police Employees' Retirement System allege that the networking company issued false and misleading statements regarding its revenues and its merger with U.S. Robotics. The suit is one in a string of legal actions relating to 3Com's merger and the merger's affect on the company's earnings.