According to the firm's 10-Q filing dated 11/02/2000, a final settlement has been reached by the parties. Pursuant to the Private Securities Litigation Reform Act, the federal court approved the settlement on October 20, 2000 and dismissed the federal action.

The complaint charges Spectrian and certain of its officers and directors with violations of the federal securities laws. Spectrian provides ultra-linear, high-power RF amplifiers to cellular infrastructure manufacturers. The complaint alleges that in a six-month period between May 1997 through October 1997, defendants caused Spectrian's stock price to increase from $12 per share to $64 per share, while Spectrian and its top insiders sold 2,358,882 shares of Spectrian stock at as high as $45 per share for proceeds of $101 million, as defendants told the market that the robust and growing demand for its products and successful relationships with Spectrian's two largest customers would lead to strong EPS growth in FY98 to $2.24-$2.45 and three-to-five year EPS growth for Spectrian of 20%-40%.