According to the docket, the Court entered the Order and Final Judgment by U.S. District Judge Anita B. Brody on November 5, 2003.

In a Press Release dated July 14, 2003, a settlement for $7,000,000 has been proposed. A hearing will be held before the Honorable Anita B. Brody in the United States Courthouse, 601 Market Street, Philadelphia, Pennsylvania 19106, at 9:30 a.m., on September 12, 2003 to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs' Lead Counsel for attorneys' fees and reimbursement of expenses out of the Settlement Fund, including expenses of the Lead Plaintiffs.

The original Complaint charges Corel and its CEO with violations of the federal securities laws and regulations promulgated thereunder. The complaint alleges that, during the Class Period, the defendants issued a series of false and misleading statements concerning the Corel's fourth quarter 1999 results. Specifically, Corel misled the market concerning the fact that it had sustained large losses. Upon the announcement that results for the fourth quarter of 1999 would be significantly below estimates, Corel's stock price plunged 28% on extraordinarily heavy trading volume.