N. BILLERICA, Mass. -- Avici Systems
(Nasdaq:AVCI - news), today announced that Hank Zannini, one of the
founders of Avici,
was forced to liquidate 300,000 shares of his holdings in Avici stock on
a demand call from his lender, Merrill Lynch Private Finance Inc.,
pursuant to a demand loan and
collateral agreement.
Comment (0)