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Aspec Technology, Inc. Summary: On October 16, 1998, U.S. District Judge Vaughn R. Walker dismissed the action without prejudice and without costs.
According to a Press Release dated June 30, 1998, the Complaint asserts claims under the federal securities laws, including claims for violation of Sections 11, 12(a)(2) and 15 of the Securities Exchange Act of 1933. The lawsuit alleges that Aspec and certain of its key officers and directors engaged in a scheme and common plan to defraud by artificially inflating the market price of Aspec common stock during the Class Period by failing to disclose material process technology changes from customers which would materially adversely affect gross profit margin during the second quarter of 1998 and thereafter.
INDUSTRY CLASSIFICATION:
SIC Code: 7372
Sector: Technology
Industry: Software & Programming
| COMPANY/ISSUER NAME: | Aspec Technology, Inc. |
| COMPANY/ISSUER TICKER: | ASPC |
| COMPANY WEBSITE: | http://www.aspec.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Kassover, et al. v. Aspec Technology, Inc., et al. | |||||||||||||||||
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| DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT | |||
| Securities Fraud Class Action Complaint | |||
| Type: Complaint | Date on the document: 06/30/1998 | ||
| U.S. District Court Civil Docket | |||
| Type: Docket | Date on the document: 10/21/1998 | ||
| OTHER DOCUMENTS | |||
| Notice of Settlement of Class Action - State Action | |||
| Case Name and/or Number: Howard Jonas, et al. v. Aspec Technology, et al. | |||
| Type: Notice | Date on the document: 05/17/2001 | ||
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