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FLOOD v. CLEARONE COMMUNICATIONS, INC.

Case No. 2:08-CV-631.

634 F.Supp.2d 1257 (2009)

Frances M. FLOOD, Plaintiff, v. CLEARONE COMMUNICATIONS, INC., a Utah corporation, Defendant.

United States District Court, D. Utah, Central Division.

June 16, 2009.

Attorney(s) appearing for the Case

Max D. Wheeler, Richard A. Van Wagoner, Rodney R. Parker, Samuel S. Harkness, Snow Christensen & Martineau, Salt Lake City, UT, for Plaintiff.

Brian S. Cousin, Neil A. Capobianco, Seyfarth Shaw LLP, New York, NY, James E. Magleby, Jennifer F. Parrish, Magleby & Greenwood PC, Salt Lake City, UT, for Defendant.

MEMORANDUM DECISION AND ORDER

DEE BENSON, District Judge.

BACKGROUND

Plaintiff Frances Flood is a former Chief Executive Officer, President, and Chairperson of the board of directors of Defendant ClearOne Communications, Inc. ClearOne is a publicly traded company in the business of selling audio and video conferencing equipment.

On January 15, 2003, the United States Securities and Exchange Commission filed a civil action against...

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