eWeek: Lawsuits Brew Over Red Hat's Accounting Changes
Jul 17, 2004, 03:00 (3 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)
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"It's being a long week for Red Hat executives, as no fewer than
10 law firms have announced their intentions to launch stockholder
class-action lawsuits against the Raleigh, N.C., Linux company in
the wake of its announcement that it is changing its accounting
"Typically, the complaints charge that Red Hat Inc. CEO and
president Matthew Szulik, former chief financial officer Kevin
Thompson and other company officers violated the Securities
Exchange Act of 1934..."