View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 18, 1993

MADGE CLASS ACTION A MISUNDERSTANDING

By CBR Staff Writer

At this rate, individual investors are going to have to meet a basic comprehension qualification before they are permitted to buy shares: despite the fact that Madge NV made it quite clear that the price cuts on its Token Ring adaptors announced in August were simply to bring its list prices in line with those quoted by other vendors, and would have no effect on the street price, the company received a shareholder class action; it has taken this long for the plaintiff to understand what Madge was saying and accept that there was no case to answer; the suit has been voluntarily dismissed, and the company will make no payment to the plaintiff – although it would surely have a good case if it launched its own suit against the plaintiff charging frivolous waste of company time and money, and seeking damages for distress suffered by the principals.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU