Holder wants to stop the McAfee deal

Friday, 5 July 2002, 7:34 PM EST

In a filing Friday with the Securities and Exchange Commission, Network Associates said the lawsuit accuses the company and several executives and directors of breaching their fiduciary duties.

"Network Associates' proposed acquisition is the product of a hopelessly flawed process that was designed to ensure the sale of McAfee.com to one buyer, and one buyer only, on terms preferential to Network Associates and to subvert the interests of plaintiff and the other public stockholders of McAfee.com," according to a copy of the lawsuit included in the SEC filing.

McAfee.com shareholder Justin Peyton filed the lawsuit Monday in Superior Court of the State of California, County of Santa Clara, the filing said.

[ Read more ]

Related items




Spotlight

The synergy of hackers and tools at the Black Hat Arsenal

Posted on 27 August 2014.  |  Tucked away from the glamour of the vendor booths and the large presentation rooms filled with rockstar sessions, was the Arsenal - a place where developers were able to present their security tools and grow their community.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Mon, Sep 1st
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //