Avaya hit with class action lawsuit
Robert Jaques writes on vnunet.com that:
A group of disgruntled shareholders has launched a class action lawsuit against Avaya, alleging that the IP communications firm "recklessly disregarded" crucial financial information and failed to disclose the true cost of its recent merger with Tenovis, Germany's second largest telephony vendor.
US law firm Schiffrin & Barroway LLP issued the following statement: "Notice is hereby given that a class action lawsuit was filed in the US District Court for the District of New Jersey on behalf of all securities purchasers of Avaya Inc between October 5 2004 and April 4 2005 inclusive (the 'Class Period')."
posted by Fergie @ 5/03/2005 05:56:00 AM
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