PROGRESS SOFTWARE: Inquiry on Option-Granting Practices Ongoing

Progress Software Corp. disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission that on Dec. 2, 2008, following a hearing, the Massachusetts Superior Court entered an order approving the Settlement Agreement resolving…

PROGRESS SOFTWARE: Inquiry on Option-Granting Practices Ongoing

The U.S. Securities and Exchange Commission’s investigation on Progress Software Corp.’s option-granting practices is still ongoing, the Company disclosed in its latest annual report on Form 10-K filed with the U.S. Securities and Exchange Commission

On June 23, 2006, the Company…

PROGRESS SOFTWARE: Dec. 2 Hearing Set for Proposed Settlement

A Dec. 2, 2008 hearing has been scheduled to determine whether to approve the proposed settlement of all pending shareholder derivative lawsuits relating to Progress Software Corporation’s historical stock option-granting practices.

On Jan. 16, 2007, a party identifying itself as…