On November 15, 2002, the Court entered the Final Judgment and Order by U.S. District Judge Phyllis J. Hamilton approving the settlement and dismissing the case. The Court further entered the Orders by Judge Phyllis J. Hamilton awarding representative plaintiff's counsel reimbursement of expenses and approving the plan of allocation of settlement proceeds. According to Cadence Design Systems, Inc.’s Form 10-K for the fiscal year ended December 28, 2002, Cadence paid $1.25 million to settle the action.

The complaint charges defendants with violations of §14(d)(7) of the Securities Exchange Act of 1934 and Rule 14d-10 promulgated thereunder. The complaint alleges that as an integral part of the Tender Offer, Cadence agreed to pay and did pay OrCAD's Chairman and CEO as well as 4 other senior executives (collectively referred to as the "OrCAD Insiders") additional consideration of more than $1.5 million beyond the $13 per share paid to Cadence's other shareholders. Thus, in addition to receiving $13 per share which was paid to plaintiff and other OrCAD shareholders for tendering their shares, pursuant to the Tender Offer, certain senior officers and directors of OrCAD were offered and/or paid additional consideration as an inducement to tender their own OrCAD shares and to support the Tender Offer.