Shareholders filed a class action lawsuit against the company for securities fraud. The case was filed in the United States District Court for the Northern District of California on behalf of all persons who purchased the common stock of Siebel Systems, Inc. between October 1, 2001 and July 17, 2002. Shareholders claimed Siebel overstated the performance and customer satisfaction of a number of its software products and therefore violated corporate disclosure rules. A United States District Court has dismissed the case. (Jan-18-06)
[CIO NEWS]
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