Mealey's (January 16, 2018, 1:43 PM EST) -- BOSTON — A digital audio and video editing software marketer will pay nearly $1.33 million to settle claims that certain of its executive officers misrepresented the company’s business and financial condition the wake of its launch of a new software product offering in violation of federal securities laws, the lead plaintiff in the action says in a motion for preliminary approval of settlement filed Nov. 30 in Massachusetts federal court (Prakash Mohanty v. Avid Technology Inc., et al., No. 16-12336, D. Mass.)....