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Case Status:    SETTLED
On or around 03/17/2003 (Date of order of final judgment)

Filing Date: June 25, 2001

According the Form 10-K for the year ended December 31, 2003, in July 2002, plaintiffs moved for class certification and initiated discussion of a proposed settlement. Plaintiffs and defendants entered into an agreement in October 2002 to settle all claims that might have been brought in this action for approximately $5.5 million, all of which monies have been fully funded by defendants’ director and officer liability insurance. In March 2003, after proper class notice and hearings, the Court approved the settlement and entered judgment for defendants, dismissing the action. In April 2003, a plaintiff’s law firm that was not selected by the Court to serve as class counsel filed a notice of appeal relating to certain Court orders addressing that firm’s applications to the Court for attorney’s fees. In August 2003, on appellant’s own motion, the Court of Appeals dismissed the appeal.

A class action complaint was filed against Transmeta Corporation. The complaint charges Transmeta Corporation and its top officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Sections 11, 12(a)(2), and 15 of the Securities Act of 1933. The complaint alleges that defendants issued false and misleading statements about Transmeta’s business and its principal line of microprocessors, the Crusoe. The complaint further alleges these false statements caused the Company’s stock price to be artificially elevated, allowing the defendants to reap over $14 million in insider profits within the two months prior to the Company revealing the truth about Transmeta’s worsening financial position. The Complaint alleges that as a result of the defendants’ conduct, plaintiffs and other members of the Class suffered damages.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TMTA
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 #: 01-CV-02450
JUDGE: Hon. William H. Alsup
DATE FILED: 06/25/2001
CLASS PERIOD START: 11/07/2000
CLASS PERIOD END: 06/20/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Beatie & Osborne LLP
    599 Lexington Avenue, 42nd Floor, Beatie & Osborne LLP, NY 10022
    212.888.9000 212.888.9664 ·
  2. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  3. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  4. 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
  5. 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 #: 01-CV-02450
JUDGE: Hon. William H. Alsup
DATE FILED: 12/20/2001
CLASS PERIOD START: 11/07/2000
CLASS PERIOD END: 07/19/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Lieff, Cabraser, Heimann & Bernstein LLP
    Embarcadero Center West 275 Battery Street, Suite 3000, Lieff, Cabraser, Heimann & Bernstein LLP, CA 94111-3339
    415.956.1000 415.956.1008 ·
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