>ShoreTel Inc.
Date Filed: January 16, 2008
Court: U.S. District Court
Location: California
Ticker Symbol: SHOR
Hagens Berman Sobol Shapiro filed a proposed class-action lawsuit against ShoreTel, Inc. for alleged violations of securities laws. The suit alleged that defendants failed to conduct an adequate due diligence investigation into the company prior to the IPO and failed to reveal that the company was not operating according to plan or as reported in registration statements sent to the SEC.
The lawsuit alleged that company shares were traded at artificially inflated prices due to the company's misleading activities.
On September 18, 2010, the judge in the case approved a $3 million settlement.
Court: U.S. District Court
Location: California
Ticker Symbol: SHOR
Hagens Berman Sobol Shapiro filed a proposed class-action lawsuit against ShoreTel, Inc. for alleged violations of securities laws. The suit alleged that defendants failed to conduct an adequate due diligence investigation into the company prior to the IPO and failed to reveal that the company was not operating according to plan or as reported in registration statements sent to the SEC.
The lawsuit alleged that company shares were traded at artificially inflated prices due to the company's misleading activities.
On September 18, 2010, the judge in the case approved a $3 million settlement.
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