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Press Release Source: BroadVision, Inc.
BroadVision, Inc. Announces Dismissal of Shareholder Class Action Lawsuits
Tuesday December 13, 5:34 pm ET
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 13, 2005--BroadVision, Inc. (Nasdaq:BVSN - News) announced today that the plaintiffs in all four pending shareholder class action complaints against the Company and its directors have agreed to dismiss their complaints without prejudice. The court approved the dismissals on Friday, December 9, 2005. All four complaints related to the previously announced merger agreement with Vector Capital, which was terminated in November. No payments of any kind were made or will be made by the Company or its directors to obtain the dismissal of the four complaints.
BroadVision, Inc. Announces Dismissal of Shareholder Class Action Lawsuits
Tuesday December 13, 5:34 pm ET
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 13, 2005--BroadVision, Inc. (Nasdaq:BVSN - News) announced today that the plaintiffs in all four pending shareholder class action complaints against the Company and its directors have agreed to dismiss their complaints without prejudice. The court approved the dismissals on Friday, December 9, 2005. All four complaints related to the previously announced merger agreement with Vector Capital, which was terminated in November. No payments of any kind were made or will be made by the Company or its directors to obtain the dismissal of the four complaints.
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Press Release Source: BroadVision, Inc.
BroadVision, Inc. Announces Dismissal of Shareholder Class Action Lawsuits
Tuesday December 13, 5:34 pm ET
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 13, 2005--BroadVision, Inc. (Nasdaq:BVSN - News) announced today that the plaintiffs in all four pending shareholder class action complaints against the Company and its directors have agreed to dismiss their complaints without prejudice. The court approved the dismissals on Friday, December 9, 2005. All four complaints related to the previously announced merger agreement with Vector Capital, which was terminated in November. No payments of any kind were made or will be made by the Company or its directors to obtain the dismissal of the four complaints.
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"We are pleased that each of the plaintiffs has agreed to dismiss the complaints, and that we are now able to redirect our resources to more productive activities," said Pehong Chen, CEO of BroadVision.
About BroadVision
BroadVision (Nasdaq:BVSN - News) is a global provider of web self-service solutions. Our agile commerce and portal applications enable customers to quickly create and adapt online processes to keep pace with changing business requirements. Over 1,000 organizations, serving nearly 75 million registered users, rely on BroadVision`s open solutions to power and personalize their mission-critical web initiatives. Additional information about BroadVision can be obtained at www.broadvision.com.
Contact:
BroadVision, Inc.
Bill Meyer, 650-542-5100
ir1@broadvision.com
--------------------------------------------------------------------------------
Source: BroadVision, Inc.
BroadVision, Inc. Announces Dismissal of Shareholder Class Action Lawsuits
Tuesday December 13, 5:34 pm ET
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec. 13, 2005--BroadVision, Inc. (Nasdaq:BVSN - News) announced today that the plaintiffs in all four pending shareholder class action complaints against the Company and its directors have agreed to dismiss their complaints without prejudice. The court approved the dismissals on Friday, December 9, 2005. All four complaints related to the previously announced merger agreement with Vector Capital, which was terminated in November. No payments of any kind were made or will be made by the Company or its directors to obtain the dismissal of the four complaints.
ADVERTISEMENT
"We are pleased that each of the plaintiffs has agreed to dismiss the complaints, and that we are now able to redirect our resources to more productive activities," said Pehong Chen, CEO of BroadVision.
About BroadVision
BroadVision (Nasdaq:BVSN - News) is a global provider of web self-service solutions. Our agile commerce and portal applications enable customers to quickly create and adapt online processes to keep pace with changing business requirements. Over 1,000 organizations, serving nearly 75 million registered users, rely on BroadVision`s open solutions to power and personalize their mission-critical web initiatives. Additional information about BroadVision can be obtained at www.broadvision.com.
Contact:
BroadVision, Inc.
Bill Meyer, 650-542-5100
ir1@broadvision.com
--------------------------------------------------------------------------------
Source: BroadVision, Inc.
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