- Report of Foreign Issuer (6-K)
December 06 2010 - 9:22AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF
1934
December 6, 2010
Commission File Number: 001-34423
CDC Software
Corporation
(Translation of registrants name into English)
Cayman Islands
(Jurisdiction of incorporation or organization)
Unit 706-707, Building
9
No. 5 Science Park West Avenue
Hong Kong Science Park
Shatin, New Territories
Hong Kong
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
x
Form
20-F
¨
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
¨
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
¨
Yes
x
No
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):
n/a
Other Events.
On December 6, 2010, Ross Systems, Inc. (Ross), a subsidiary of CDC Software Corporation (the Company) announced that a jury in the Franklin County Circuit Court of the State
of Alabama returned an adverse verdict on December 3, 2010 against Ross, in litigation between Ross and Sunshine Mills, Inc. that was initiated in April of 2008.
In the coming months, Ross intends to file several motions and pleadings with the Circuit Court, which may include the following: (i) a request for judgment favorable to Ross despite the verdict,
(ii) a request for a reduction in the amount of damages awarded to Sunshine Mills pursuant to the verdict, and/or (iii) a request for a new trial. Depending upon the outcome of the motions and pleadings that Ross asserts, it also intends
to appeal the final judgment, which may require that Ross post a bond, the amount of which is yet to be determined. By posting the bond, Ross will have the right to suspend execution of the final judgment, which means any judgment would not have to
be paid during the appellate process. The appeals process could take one or more years to complete, and there can be no assurance that Ross will be successful either in reducing or eliminating the jurys award, or in the appellate process.
Management is evaluating the potential impact of this matter on Ross, the Company and their respective subsidiaries and affiliates.
The full text of the press release issued in connection with the announcement of the verdict is attached as Exhibit 99.1 hereto.
This Form 6-K contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including
statements relating to, among other things, our beliefs regarding the Sunshine Mills litigation and the outcome thereof, Ross expected plans to reverse or reduce the verdict, Ross expectations regarding obtaining and posting a bond and
the suspension of execution of any final judgement, our beliefs regarding the timing of the appellate process, and other statements which are not historic fact. These statements are based on managements current expectations and are subject to
risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, many of which are outside of our control, including
the risk that Ross will not prevail in its future efforts with respect to this matter, including Ross efforts to reverse or reduce the jurys award, or that Ross will not prevail on appeal; the risk of any potential impact a verdict in
this case may have on other disputes Ross now or may in the future have; the potential impact of this matter on our business and customers; the risk of obtaining a bond in a sufficient amount and upon terms acceptable to Ross, and other risks.
Further information on risks or other factors that could cause results to differ is detailed in the Companys filings and other submissions with the United States Securities and Exchange Commission, and those of our ultimate parent company, CDC
Corporation. All forward-looking statements included herein are based upon information available to management as of the date hereof, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date
hereof. The Company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise.
|
|
|
Exhibit
|
|
Description
|
|
|
99.1
|
|
Press release dated December 6, 2010 Jury Verdict Against Ross Systems Returned in Sunshine Mills Lawsuit
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
|
|
|
|
CDC Software Corporation
|
|
|
|
Date: December 6, 2010
|
|
By:
|
|
/
S
/ D
ONALD
L.
N
OVAJOSKY
|
|
|
Name:
|
|
Donald L. Novajosky
|
|
|
Title:
|
|
General Counsel & Secretary
|
EXHIBIT INDEX
|
|
|
Exhibit
No.
|
|
Description
|
|
|
99.1
|
|
Press release dated December 6, 2010 - Jury Verdict Against Ross Systems Returned in Sunshine Mills Lawsuit
|
Cdc Software Corp. ADS, Each Representing One Class A Ordinary Share (MM) (NASDAQ:CDCS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cdc Software Corp. ADS, Each Representing One Class A Ordinary Share (MM) (NASDAQ:CDCS)
Historical Stock Chart
From Jul 2023 to Jul 2024