Richardson, Texas-based Micrografx Inc reports that it is on the receiving end of one of those nuisance shareholder suits alleging alleging securities law and other violations by the company and some senior officers and directors: the suit asserts liability based on alleged misleading press releases, communications with analysts, and interviews based on sales of Micrografx stock by some senior officers and directors while allegedly knowing of the alleged misleading statements; the company intends to defend the action vigorously, but the iniquitous US system under which each side pays its own costs regardless of who wins, it is likely eventually to have to decide that it would be cheaper to settle.
