Cylink Sued for Stock Fraud
John Young
jya at pipeline.com
Wed Nov 11 09:29:06 PST 1998
Business Wire reported yesterday that Cylink has been
sued in US District Court of New Jersey for securities
fraud through a class action. It alleges misrepresentation
and false financial statements.
http://jya.com/cylink-suit.htm
On November 5 Cylink announced revised revenues
for the first half of 1998. The day before William Crowell,
ex-NSA, was appointed president in a house sweep
of the executive team, apparently after discovery of book
cooking.
William Perry, ex-DoD, is still listed on the board of
directors, although the list seems to be out of date,
along with the annual report and letter to stockholders
on Cylink's Web site.
More information about the cypherpunks-legacy
mailing list