CDC LOSES BOND SUIT

 

CDC Software logoCDC Software has lost a court action in which bondholders claimed about $68 million in damages. Evolution, the bondholder, was granted a motion for summary judgment in the motion against the software company. Meanwhile, CDC is seeking injunctive relief and monetary damages of $295 million and punitive damages of more than $500 million it claimed CDC gave confidential information about CDC’s plans for an IPO to third parties, including hedge funds that trade CDC stock

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