May 29, 2003

Commtouch Settles

Commtouch Software, Ltd., an Israeli anti-spam software maker, has announced the settlement of a securities class action against the company. The case was filed in the N .D. of California in 2001. The settlement consists of a payment of $15 million to members of the class, which will be fully funded by the company's directors and officers insurance.

Posted by Lyle Roberts at May 29, 2003 2:21 PM | TrackBack
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