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ROSS SYSTEMS APPEALS BOND

Ross Systems has asked for reduction in the $77-million bond required to cover a $61.3 million awarded to Sunshine Mills, a company in Franklin County Ala. Sunshine had filed suit in 2005 alleging fraud in the sale and implementing of Ross’s software. Under Alabama law, Ross had to post the bond while it appeals the verdict to the state’s supreme court and its recent filing was the last step available for reducing the bond during the appeal period. Read more...

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