According to the Company’s FORM 10-K For The Fiscal Year Ended January 1, 2000, on January 8, 1999, the suit was dismissed without finding.

The complaint alleges that GenRad and its president and CEO violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and rule 10b-5 by issuing false and misleading financial statements about the company's financial condition and prospects in releases, filings and meetings with investors and stock analysts. The complaint further alleges that after the company's announcement on 4/16/98 that revenue and income for the first quarter of 1998 would be much lower than the same quarter of 1997, the stock plunged more than 35%.