Cray Sued for Security Law Violations
 
Cray Inc. has been clobbered by a proposed class-action suit filed on
behalf of investors. The complaint charges the supercomputer pioneer
with concealing damaging information about its operational and
financial problems while company executives unloaded $4.6 million in
Cray shares at inflated prices.
 
The suit was filed on May 24, 2005, in U.S. District Court in Seattle
by Steve Berman, managing partner of Hagens Berman Sobol Shapiro, the
lead attorney for the plaintiffs.
 
For more breaking news on this story, see the May 27th issue of HPCwire
at www.hpcwire.com




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