Printed from http://www.electronista.com

Worldspace Satellite Radio sued by investors

updated 01:50 pm EDT, Tue March 27, 2007

Worldspace Radio sued

An American firm has filed a lawsuit against Worldspace, a satellite radio provider that services most of the world outside North America, including Asia, Europe and the Middle East. The class action suit was launched on the part of investors, who are together accusing executives of violating federal securities laws -- specifically, deliberately omitting or falsifying information about Worldspace's operations. The public was allegedly deceived about the company's performance, and as a result, stock prices are said to have been artificially inflated. The trial has yet to begin; investors have until May 15th to file with The Paskowitz Law Firm as a plaintiff.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News