Case Page

 

Case Status:    DISMISSED    
On or around 11/15/2000 (Other)

Filing Date: January 23, 1998

According to the Company’s FORM 10-Q for the quarterly period ended October 1, 2000, the matter was fully briefed and argued to the Ninth Circuit Court of Appeals on June 8, 2000. On October 18, 2000, the Ninth Circuit Court of Appeals filed a Memorandum decision affirming the District Court's decision to grant our Motion To Dismiss and affirming the judgment in favor of all defendants.

As previously reported by the Company’s FORM 10-Q for the quarterly period ended April 4, 1999, on March 24, 1999, the district court granted ZiLOG's motion to dismiss and entered judgment in favor of all defendants. On April 16, 1999, the plaintiffs filed their notice of appeal to the Ninth Circuit Court of Appeals.

The original Complaint charged that defendants, Zilog and certain of its officers and directors, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5) by, among other things, issuing false misleading statements regarding the merger agreement, Zilog's financial condition, as well as its present and future business prospects. Specifically, the complaint alleges that on or around July 21, 1997, Zilog signed a definitive merger agreement with the Texas Pacific Group. Under the terms of the agreement, the owner of each outstanding share of Zilog common stock could elect to receive $25.00 in cash. On November 20, 1997 Zilog shocked the market by announcing that the merger agreement had been renegotiated and that the owner of each outstanding share of Zilog common stock now could expect to receive only $20.00 in cash.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ZLG
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 98-CV-00271
JUDGE: Hon. Claudia Wilken
DATE FILED: 01/23/1998
CLASS PERIOD START: 06/30/1997
CLASS PERIOD END: 11/20/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  2. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 98-CV-20420
JUDGE: Hon. Claudia Wilken
DATE FILED: 11/06/1998
CLASS PERIOD START: 06/30/1997
CLASS PERIOD END: 11/20/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  2. Weiss & Lurie (Los Angeles)
    10940 Wilshire Blvd., 24th Floor, Weiss & Lurie (Los Angeles), CA 90024
    310.208.2800 310.209-2348 · info@wllawca.com
  3. Weiss & Yourman (Los Angeles, CA)
    10940 Wilshire Blvd - 24th Floor, Weiss & Yourman (Los Angeles, CA), CA 90024
    310.208.2800 310.209.2348 · info@wyca.com
No Document Title Filing Date
No Document Title Filing Date