Investors Slam Polycom Over CEO's Alleged Foul Play

Law360, New York (August 23, 2013, 4:27 PM EDT) -- Web and video conferencing developer Polycom Inc. was hit with a proposed securities class action Thursday and a derivative suit Wednesday in California federal court, both accusing the company’s leadership of illegally hiding the fact that its chief executive officer had submitted improper expense reimbursement requests.

The class action, spearheaded by plaintiff’s firm Robbins Geller Rudman & Dowd LLP, was filed against Polycom and and its former CEO Andrew M. Miller in the Northern District of California Thursday on behalf of all purchasers of Polycom stock...
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