Computer Associates Settling ERISA Class Action Lawsuit

The New York Times is reporting: "Software Maker Settles Claims on Accounting." Apparently, the settlement includes ERISA class action claims brought by participants. Although the details of the settlement are not entirely clear from the articles reporting on the subject,…

The New York Times is reporting: “Software Maker Settles Claims on Accounting.” Apparently, the settlement includes ERISA class action claims brought by participants. Although the details of the settlement are not entirely clear from the articles reporting on the subject, it looks like Computer Associates will issue to the shareholder classes up to 5.7 million shares of its common stock as part of the settlement.

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