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Case Status:    SETTLED
On or around 12/08/1999 (Date of order of final judgment)

Filing Date: March 02, 1998

According to the Form 10-Q, For The Quarterly Period Ended April 2, 2000, the total settlement payment (including the costs of administering the settlement) was $11.9 million, of which approximately $5.3 million was paid on behalf of Anadigics, Inc. by the Company's insurers.

By the Order of Settlement and Final Judgment dated December 7, 1999, Magistrate Judge Freda L. Wolfson approved the Class Action Settlement. The action was dismissed and the case closed on December 8, 1999.

The original Complaint alleges that during the Class Period, Anadigics and the individual defendants made false and misleading statements about Anadigics's business and financial operations. Specifically, plaintiffs allege that throughout the Class Period, defendants knew yet failed to disclose and materially misrepresented the Company's financial position, including the fact that the Company had experienced a substantial reduction in orders and forecasts for orders for Anadigics's products from its customers, that the Company had experienced higher assembly costs and packaging-quality problems, that Anadigics's customers were experiencing a shift in demand to lower-cost wireless phones that do not use Anadigics's products, and that Anadigics's customers were delaying rolling out new phones.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ANAD
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: D. New Jersey
DOCKET #: 98-CV-917
JUDGE: Hon. Mary L. Cooper
DATE FILED: 03/02/1998
CLASS PERIOD START: 10/16/1997
CLASS PERIOD END: 01/29/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  2. Cohn, Lifland, Pearlman, Herrmann & Knopf
    Park 80 Plaza West-One, Cohn, Lifland, Pearlman, Herrmann & Knopf, NJ 7663
    201845.9600 · info@njlawfirm.com
  3. Lite DePalma Greenberg, LLC (Newark)
    Two Gateway Center - 12th Floor, Lite DePalma Greenberg, LLC (Newark), NJ 07102-5003
    973.623.3000 ·
  4. Pasternak, Feldman & Plutnick, P.A.
    Eisenhower Plaza South, Suite 245, 70 South Orange Avenue, Pasternak, Feldman & Plutnick, P.A., NJ 07039
    201.994.0330 ·
  5. Wolf Popper, LLP
    845 Third Avenue, Wolf Popper, LLP, NY 10022-6689
    877.370.7703 212.486.2093 · IRRep@wolfpopper.com
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 98-CV-917
JUDGE: Hon. Mary L. Cooper
DATE FILED: 06/25/1999
CLASS PERIOD START: 07/17/1997
CLASS PERIOD END: 01/30/1998
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohn, Lifland, Pearlman, Herrmann & Knopf
    Park 80 Plaza West-One, Cohn, Lifland, Pearlman, Herrmann & Knopf, NJ 7663
    201845.9600 · info@njlawfirm.com
  2. Lite DePalma Greenberg, LLC (Newark)
    Two Gateway Center - 12th Floor, Lite DePalma Greenberg, LLC (Newark), NJ 07102-5003
    973.623.3000 ·
No Document Title Filing Date
No Document Title Filing Date