Wave Systems Corp. (fka WAVXQ)

[SPIN]

edit: causes of action: insider selling & misappropriation of information; breach of fiduciary duty; abuse of control; gross mismanagement; waste of corporate assets; unjust enrichment.

3:04-cv-30044-MAP Harvey v. Sprague et al - filed today.

interesting reading & includes this new allegation (among others):

". . .improperly audited consolidated financial statements in their quarterly reports, as filed with the SEC."

these derivative causes of action were brought under state law theories & are not part of the class action claims

http://www.mad.uscourts.gov

shute - you could be right, but i do remember a statement about requiring funds by February & yep, it would also be vitiated somewhat by the sspx sales.

s5elected_bolds - the fact that this guy knows i turned negative on wavx back in 2000 suggests he's been around in the background for years. ya know somethig kev, i used to be a wavx cheerleader...