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Case Status:    DISMISSED    
On or around 07/11/2000 (Date of order of final judgment)

Filing Date: February 10, 1998

According to the docket posted, on July 11, 2000, the Court entered the Order and Judgment by U.S. District Judge Jeremy Fogel granting the motion to dismiss the Corrected First Amended Complaint. The case was closed.

As previously reported by the Company’ FORM 10-K for the fiscal year ended January 31, 2000, in February 1998, two punitive class action complaints were filed against the Company in the United States District Court, Northern District Court of California, Romine, et al. v. Sigma Designs, Inc., et al., No. C-98-0537-TEC (N.D.Cal.) and Shah, et al. v. Sigma Designs, Inc., et al., No C-98-0582-MHP (N.D.Cal.). The federal court consolidated complaint alleges that Sigma Designs, Inc. and certain of its officers and former officers and/or directors, issued false or misleading statements regarding the Company’s business prospects during the period October 24, 1995 through February 13, 1997. The complaint does not specify the amount of damages sought by the plaintiffs. On October 8, 1999, the Company filed a motion to dismiss the consolidated complaint. In response to this motion, the plaintiffs agreed and filed a second amended complaint. On April 21, 2000, the Company filed a motion to dismiss the second amended complaint. The hearing on that motion is scheduled for June 26, 2000.

The complaint charges Sigma and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Sigma makes multimedia products for use in personal computer products, including MPEG products. The complaint alleges that during the Class Period, Sigma and the individual defendants made false and misleading statements about the state of Sigma's business, its finances, the success of its new marketing initiatives, the success of its development of newer products, demand for its products and its future prospects for the purpose of inflating the price of Sigma stock so they could complete an acquisition using shares as currency and sell 366,500 of stock they held at inflated prices for $3.7 million.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Peripherals
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SIGM
Company Market: NASDAQ
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-20458
JUDGE: Hon. Thelton E. Henderson
DATE FILED: 02/10/1998
CLASS PERIOD START: 10/24/1995
CLASS PERIOD END: 02/13/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley Geller Bowman & Coates LLP
    11311 Arcade Drive - Suite 201, Cauley Geller Bowman & Coates LLP, AR 72212
    501.312.8500 ·
  2. Law Offices of Marc S. Henzel (Lawrence)
    335 Central Avenue, Law Offices of Marc S. Henzel (Lawrence), NY 11559
    516.374.0707 516.295.3473 · securitiesfraud@comcast.net
  3. Law Offices of Steven E. Cauley, P.A. (Little Rock)
    2200 Rodney Parham Road Suite 218, Law Offices of Steven E. Cauley, P.A. (Little Rock), AR 72212
    501.312.8500 ·
  4. Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA)
    100 Pine Street - Suite 2600, Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA), CA 94111
    415.288.4545 415.288.4534 ·
  5. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 98-CV-20458
JUDGE: Hon. Thelton E. Henderson
DATE FILED: 03/13/2000
CLASS PERIOD START: 10/24/1995
CLASS PERIOD END: 02/13/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cauley & Geller (Boca Raton)
    2255 Glades Road, #421A, Cauley & Geller (Boca Raton), FL 33431
    561.750.3000 ·
  2. Law Offices of Steven E. Cauley, P.A. (Little Rock)
    2200 Rodney Parham Road Suite 218, Law Offices of Steven E. Cauley, P.A. (Little Rock), AR 72212
    501.312.8500 ·
  3. Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA)
    100 Pine Street - Suite 2600, Milberg Weiss Bershad Hynes & Lerach LLP (S.F., CA), CA 94111
    415.288.4545 415.288.4534 ·
  4. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
No Document Title Filing Date
No Document Title Filing Date