Courts Approve Final Settlements of Informix Private Securities Litigation

Business Wire, Nov 17, 1999

MENLO PARK, Calif.--(BUSINESS WIRE)--Nov. 16, 1999--

Informix(R) Corporation (Nasdaq:IFMX), today announced final court approvals of the settlements of the private securities litigation in which the Company and others were defendants.

The litigation arose from the events that led to the restatement of the Company's financial statements that was announced publicly in November, 1997. On October 29, 1999 the United States District Court for the Northern District of California gave final approval to the settlement of the federal securities class action litigation, which also covers the related State court securities class action litigation. On November 12, 1999 the Superior Court of California, San Mateo County, gave final approval to the settlement of the related stockholder derivative litigation.

The final court approvals resolve all of the major securities litigation that was pending. The Company hopes to resolve the very few remaining smaller securities cases not covered by the settlement as soon as possible.

About Informix

Informix Corporation, based in Menlo Park, California, provides innovative database solutions that assist the world's major corporations to attain competitive advantage. Informix is widely recognized as the technology leader for corporate computing environments ranging from small workgroups to very large parallel processing applications. Informix's database server, application development tools, superior customer service, and strong partnerships enable the company to be at the forefront of major information technology solution areas including data warehousing, high performance OLTP, and Web/e-commerce. For more information, contact the sales office nearest you or visit our Web site at www.informix.com.

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Informix(R) is a trademark of Informix Corporation or its affiliates and is registered, in the U.S. and some other jurisdiction.