Stonesoft : THE DECISION OF THE HELSINKI COURT OF APPEAL CONCERNING ALLEGED DELAY
OF STONESOFT'S PROFIT WARNING IN FEBRUARY 2001
10/31/2008| 02:59am US/Eastern
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Stonesoft Corporation Stock Exchange Release 31.10.2008
THE DECISION OF THE HELSINKI COURT OF APPEAL CONCERNING ALLEGED DELAY
OF STONESOFT'S PROFIT WARNING IN FEBRUARY 2001
The Helsinki Court of Appeal has today reversed the decision given by
the District Court of Helsinki in November 15, 2006 dismissing all
charges against Stonesoft concerning alleged delay of Stonesoft's
profit warning in February 2001.
In its decision the Helsinki Court of Appeal imposed Stonesoft
Corporation a corporate fine of EUR 20.000 for a security market
information offence. Ilkka Hiidenheimo and Hannu Turunen as the
members of the company's year 2000 Board of Directors and Esa
Korvenmaa as the former CEO were each sentenced to 30 daily fines.
Stonesoft's view is that it has properly taken care of investor
communications during the period in question and, accordingly, the
company considers the decision given by the Court of Appeal totally
groundless. At this stage the company has not yet made its decision
on whether or not to apply a leave to appeal from the Supreme Court.
Stonesoft Corporation
Ilkka Hiidenheimo
CEO
For additional information, please contact:
Ilkka Hiidenheimo, CEO, Stonesoft Corporation
Tel. +358 9 476 711
E-mail: ilkka.hiidenheimo@stonesoft.com
Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com
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