Shareholder Class Action

     Directors of Progress Software took advantage of the Sept. 11, 2001 terrorist attacks by wrongfully backdating stock options to coincide with the stock slide after that day, and made more than $50 million from it, shareholders claim in Boston Federal Court.

     A derivative class action on behalf of Broadcaster Inc. also names these parties as defendants in Los Angeles Federal Court: Nolan Quan, Martin Wade, Blair Mills, Richard Berman, Andrew Garroni, Jason Brazell, Robert Gould, Sanger Robinson, Alchemy Communications, Frostham Marketing, Pacificon International, Longview Media, Access Media Networks, Alchemy F/X, Innovative Networks, Binary Source, Broadcaster LLC, Transglobal Media LLC, Software People LLC, and Access Media Technologies LLC.
     Shareholders sued Merck & Co. and its CEO Richard Clark for allegedly concealing information about the cholesterol drug, Vytorin, in Newark Federal Court.

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