December 10, 2009
A settlement in principle has been reached in a class action that claims Limelight Networks Inc. and the underwriters of its June 2007 initial public offering embellished the online business solutions company's growth potential and misled investors.
August 11, 2008
A federal judge in Arizona dismissed a securities class action brought by shareholders against Limelight Networks Inc. and the underwriters of its initial public offering, Morgan Stanley & Co. Inc. and Goldman Sachs & Co., which said they embellished the tech company's growth potential and misled investors in preparation for the much-touted offering Thursday.