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Lock, stock and two smoking penguins...
By Pia Heikkila
Published: 13 July 2001 16:55 BST
Linux company Caldera has come under investigation over its IPO procedures.
A US District Court is currently dealing with a complaint from the company's shareholders that Caldera might have violated the Securities Act of 1933 for issuing a company prospectus containing false information at the time of its IPO last year.
The complaint alleges that the company's prospectus was misleading because it failed to disclose the directors' agreement with certain investors to provide them with large amounts of Caldera shares in exchange for undisclosed commissions.
Caldera was unavailable for comment.
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