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eWeek: Lawsuits Brew Over Red Hat's Accounting Changes

Jul 17, 2004, 03:00 (3 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)

[ Thanks to Steven J. Vaughan-Nichols for this link. ]

"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 methods.

"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..."

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