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Short Take: Corel hit with shareholder lawsuit

Canada-based software maker Corel has been slapped with a U.S. stockholder lawsuit alleging that the ailing company had artificially inflated the price of its stock by misrepresenting its business. The lawsuit, which seeks unspecified damages, was filed in New York by law firm Wechsler, Harwood, Halebian, and Feffer on behalf on the Great Neck Capital Appreciation Investment Partnership.

Canada-based software maker Corel has been slapped with a U.S. stockholder lawsuit alleging that the ailing company had artificially inflated the price of its stock by misrepresenting its business. The lawsuit, which seeks unspecified damages, was filed in New York by law firm Wechsler, Harwood, Halebian, and Feffer on behalf on the Great Neck Capital Appreciation Investment Partnership.