Judge Dismisses Claims In Retek Class Action
Minnesota District Court Judge John R. Tunheim dismissed charges Wednesday that a negative sales trend made it fraudulent for Retek to make optimistic statements about the company. He also threw out claims that Retek did not report difficulties in a deal with American Online Inc.
However, Tunheim sustained allegations regarding misinformation about deferred revenue and failed deals with IBM Corp. and A&P....
To view the full article, register now.