ATI sued for stock price inflation
Posted by: Newsfactory on: 08/30/2005 04:42 PM [ Print | 5 comment(s) ] · 1168 views
ATI was sued two weeks ago because of false and misleading statements. The complaint charges ATI and certain of its officers and directors with violations of the Securities Exchange Act of 1934. As a result of this ATI's stock traded at inflated levels, allowing ATI's top officers and directors to sell or otherwise dispose of more than $54 million worth of their own shares at artificially inflated prices.. More details at DV Hardware.
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Rosco Member Posts: 24 Joined: 2005-02-09 |
#62193 Posted on: 08/30/2005 10:07 PM
Whoops! |
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StillCrazy Unregistered |
#62199 Posted on: 08/31/2005 02:57 AM
I guess this just proves what I knew. |
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B3astage Unregistered |
#62204 Posted on: 08/31/2005 10:29 AM
Some law from 1934?! lol..... |
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BetrayerX Unregistered |
#62206 Posted on: 08/31/2005 04:15 PM
All the statements in the lawsuit have been of public knowledge. The only way they can prove anything is to demonstrate that ATI was hiding info (and agan, it was public).....then again I'm no lawyer  .
I'd appreciate someone with good knowledge of the laws regarding this to elaborate. |
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El_Coyote Senior Member Posts: 555 Joined: 2002-12-18 |
#62207 Posted on: 08/31/2005 06:51 PM
umm... i dont follow particularly much on the graphics scene... but i know every single point in that list that ati was "Hiding" from public... its like "im-gonna-sue-you-because-i-didnt-bother-to-read-up-on-stuff-that-was -appening-and-you-didnt-call-me-and-tell-me-personally...I-mean-omg-u-basturds!" |
