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Short Take: Former Illustra exec suing Informix

Richard H. Williams, former CEO, president, and chairman of Illustra, has filed a class action suit against Informix. The suit alleges that prior to Informix's acquisition of Illustra, Informix executives inflated its stock price by spreading false and misleading information about its 1994 and 1995 financial results. The suit, filed in U.S. District Court in Northern California, encompasses the class period of February 16, 1996 when the acquisition occurred.

Richard H. Williams, former CEO, president, and chairman of Illustra, has filed a class action suit against Informix. The suit alleges that prior to Informix's acquisition of Illustra, Informix executives inflated its stock price by spreading false and misleading information about its 1994 and 1995 financial results. The suit, filed in U.S. District Court in Northern California, encompasses the class period of February 16, 1996 when the acquisition occurred.