Gemstar pays $68 mil to settle suit

Amdur, Meredith
February 2004
Daily Variety;2/13/2004, Vol. 282 Issue 34, p8
Trade Publication
Reports on the settlement of a shareholder lawsuits faced by Gemstar TV Guide International Inc. in the U.S. Disclosure of the company that it will take a non-cash impairment charge on the reduced value of the "TV Guide" magazine; Relation of the class action suit to the mismanagement of the firm's accounting practices and financial reporting by its former executives; Status of the securities fraud cases against the company.


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