ClearOne Communications, Inc.

January 1 2003

Company:	ClearOne Communications, Inc.
Ticker Symbol:	NASD: CLRO
Class Period:	January 1, 2001 to January 15, 2003
Court:	District of UT
Date Filed:	Jan-17-03
Allegations:

The suit alleges that, in order to inflate the price of ClearOne's stock, defendants caused the Company to falsely report its financial results through improper revenue recognition practices, such as including revenue for shipments to distributors even though distributors had the right to return unsold goods.

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