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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current report pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 23, 1997
IQ SOFTWARE CORPORATION
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(Exact name of registrant as specified in its charter)
Georgia 0-20085 58-1614492
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification
Incorporation) Number)
3295 River Exchange Driver, Suite 550, Norcross, Georgia 30092
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(Address of Principal Executive Officers)
Registrant's Telephone Number, including area code: (770) 446-8880
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ITEM 5 - OTHER EVENTS.
On October 23, 1997, the Corporation was served with a Complaint in the
matter of Harvey Altman v. IQ Software Corporation, Charles R. Chitty, David A.
Cormack and Jay S. Chaudhry. The action was filed in United States District
Court for the Northern District of Georgia, Atlanta Division by Harvey Altman,
individually, and on behalf of purchasers of the Company's common stock between
May 8, 1996 and February 3, 1997. The action alleges violations of Section 10(b)
and 20(a) of the Securities Exchange Act of 1934, arising from the Company's
failure to disclose the risks and liabilities assumed by the Company in
connection with the transition of its sales force from an inside telesales model
to an outside field-based model. The Company denies the allegations and will
vigorously defend against the action.
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 hereunto duly authorized.
IQ SOFTWARE CORPORATION
November 4, 1997 By: /s/ Charles R. Chitty
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Charles R. Chitty
Chairman
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