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Securities

Aug. 26, 1998

Judge Hands Defense Win in Securities Suit

SAN FRANCISCO - In a ruling that could prompt more stock fraud defendants to go to trial rather than settle lawsuits against them, an $86 million class-action case ended Monday with a federal judge's directed verdict in favor of the founder and top executive of a bankrupt Bay Area computer firm.

By Pamela A. MacLean
Daily Journal Staff Writer
        SAN FRANCISCO - In a ruling that could prompt more stock fraud defendants to go to trial rather than settle lawsuits against them, an $86 million class-action case ended Monday with a federal judge's directed verdict in favor of the founder and top executive of a bankrupt Bay Area computer firm.
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