CDC LOSES BOND SUIT
- Friday, 15 July 2011
- News and Analysis
CDC Software has lost a court action in which bondholders claimed about $68 million in damages. Evolution, the bondholder, was granted a motion for summary judgment in the motion against the software company. Meanwhile, CDC is seeking injunctive relief and monetary damages of $295 million and punitive damages of more than $500 million it claimed CDC gave confidential information about CDC’s plans for an IPO to third parties, including hedge funds that trade CDC stock
Most Read
-
-
May 19 2021
-
Written by BobWScott
-
-
-
May 22 2017
-
Written by mark
-
-
-
May 22 2017
-
Written by BobWScott
-
-
-
May 25 2016
-
Written by mark
-