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BW: Corel to Vigorously Defend Itself Against Lawsuit

“Corel Corporation… has become aware that a lawsuit had been
filed against it by named plaintiffs Anthony Basilio and Fred
Spagnola in the United States District Court for the Eastern
District of Pennsylvania…”

“… The complaint alleges that the defendants violated
various provisions of the federal securities laws… by
misrepresenting or failing to disclose material information about
Corel’s financial results for its fiscal quarter ending November
30, 1999…”

“Corel is currently reviewing the complaint and consulting with
its legal counsel. Corel intends to defend the litigation
vigorously.”


Press release
.