It seems simple.

• Position: Shareholders sue Red Hat Inc. - Brief Article

Buy low, sell high. But some investors who bought Red Hat Inc. when it was soaring, only to see it wallowing in the $5 range this spring, think more is amiss than their market timing. Shareholders, represented by two New York law firms, are suing the company and the underwriters of its 1999 public offering. The plaintiffs contend, among other things, that Red Hat and the underwriters inflated the price by selling IPO shares to...