Red Hat to pay $8.8M to settle class action suit
This is a discussion on Red Hat to pay $8.8M to settle class action suit within the Law News forum, part of the FORUM INFORMATION category; Software company Red Hat Inc. will pay $8.8 million to settle a class action lawsuit related to the restatement of ...
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Dec 17th, 2009, 03:36 AM
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Red Hat to pay $8.8M to settle class action suit
Software company Red Hat Inc. will pay $8.8 million to settle a class action lawsuit related to the restatement of financial results from July 2004. Red Hat said Tuesday that it reached the proposed settlement agreement and recorded a one-time charge of $8.8 million for the quarter that ended Nov. 30. The agreement still needs court approval. The suit had been pending in a U.S. District Court in North Carolina.
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