Alvarion accused of violating U.S. security laws
Posted Jan 29th 2007 6:03PM by Brian White
Filed under: WiMax, Government, Business
Another scandal in the making -- possibly -- is WiMAX developer Alvarion's tussle with the U.S. Government over possible violations of U.S. securities laws.
Alvarions says that it will "
vigorously defend" itself (of course) from the accusations after a class action complaint was filed in the Northern California U.S. District Court.
Allegations? That Alvarion failed to mention that sales to a certain the customer were not expected to continue producing substantial revenues for the company. Investors:0, Alvarion: 1.
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