Stockholders v Aspen Technology, Inc.

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Stockholders File Suit against Aspen Technologies, Inc.

Case ID: 3939

Amount At Issue: $5,600,000.00

Category: Stocks

Last Update: 12/01/2005

Country:

A class action has been filed in the District Court of Massachusetts against Aspen Technology, Inc. (Nasdaq:AZPN), a global technology company, by stockholders who purchased the company's common stock between August 8, 2000 and October 29, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.

These are all the details currently available. ClassActionAmerica.com will monitor this case and provide further details as they become available.

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