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Suit Accuses CheckFree of Deception.
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- Author(s): Bills, Steve
- Source:
American Banker. 5/1/2007, Vol. 172 Issue 83, p13-13. 1/5p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Subject Terms:
- Abstract:
The article reports on a lawsuit filed against payments software company CheckFree Corporation of Atlanta, Georgia. According to the law firm Schiffrin Barroway Topaz & Kessler LLP, who is filing the lawsuit, CheckFree misled investors by predicting an increase in transaction volume and earnings growth. Chief executive Pete Kight sold $17. 5 million in the company's stock in an allegedly deceitful manner.
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