Saturday, April 02, 2005

Suit challenges Microsoft's deal for Groove

Suit challenges Microsoft's deal for Groove: "Former Groove employee Michael Matthews, who sued closely held Groove and its directors and seeks to block the deal, claimed that Microsoft and Ozzie 'seek to eliminate the interest of junior preferred and common stockholders for no consideration,' according to the suit filed March 25 in Delaware Chancery Court. Only senior preferred stockholders receive compensation under the deal, he said."
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