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Tech Industry

Short Take: Shiva sued by shareholders

Shiva said it was named in two shareholder lawsuits charging the company and some of its officers misrepresented the demand for Shiva's products and the strength of its technologies. Last April, Shiva's share price plummeted 26 percent after it announced its first-quarter results would fall short of analysts' expectations and that its chief financial officer had resigned.

Shiva said it was named in two shareholder lawsuits charging the company and some of its officers misrepresented the demand for Shiva's products and the strength of its technologies. Last April, Shiva's share price plummeted 26 percent after it announced its first-quarter results would fall short of analysts' expectations and that its chief financial officer had resigned.