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Short Take: Illustra CEO files class-action against 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 officers inflated the company's stock price by issuing false and misleading statements about its 1994 and 1995 financial results. The suit, filed in the U.S. District Court in Northern California, encompasses the class period of February 16, 1996, the day 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 officers inflated the company's stock price by issuing false and misleading statements about its 1994 and 1995 financial results. The suit, filed in the U.S. District Court in Northern California, encompasses the class period of February 16, 1996, the day the acquisition occurred.