Short Take: Macromedia hit with lawsuit

Macromedia announced it has been hit with a class-action lawsuit. A complaint has been filed in the California Superior Court in San Francisco on behalf of all persons who purchased stock from April 18, 1996 through January 9, 1997. (Macromedia chairman Bud Colligan is a board member of CNET: The Computer Network)

Aug. 5, 1997 12:20 p.m. PT

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announced it has been hit with a class-action lawsuit. A complaint has been filed in the California Superior Court in San Francisco on behalf of all persons who purchased stock from April 18, 1996 through January 9, 1997. (Macromedia chairman Bud Colligan is a board member of CNET: The Computer Network)