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Red Hat Settles Five-Year-Old Shareholder Lawsuit

Dec 15, 2009, 23:02 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

"Settling the lawsuit will cost Red Hat $8.8 million, which the company said it would take as a one-time charge when it reports earnings later this month for the quarter ending Nov. 30.

"The lawsuit stemmed from Red Hat's earnings restatement in 2004 that followed the resignation of then-CFO Kevin Thompson."

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