According to the docket, the court entered its Order and Final Judgment regarding the settlement on October 29, 1999.

According to the settlement agreement date August 9, 1999, Shiva Corporation agreed to pay $4,350,000 to settle the lawsuit. The court ordered preliminary approval of the settlement on July 26, 1999.

According to a Press Release dated 6/12/97, the complaint charges Shiva, which describes itself as a major networking equipment company, and certain officers and directors of the company during the relevant time period with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by, among other things, misrepresenting material information regarding the demand for and market acceptance of Shiva's products, the strength of its technologies and its competitiveness and the trends in its business, as well as the filing of false and misleading financial statements containing artificially and improperly inflated revenues, receivables, inventories and earnings. Because of defendants' issuance of materially false and misleading statements, including false and misleading financial statements, and defendants' concealment of matters regarding the deteriorating business of the company, the price of Shiva common stock was artificially inflated during the Class Period. While certain material information was concealed from investors, a Shiva director, named as a defendant, sold substantial blocks of Shiva stock at artificially inflated prices, for total proceeds of approximately $1.9 million.