Case Page

 

Case Status:    DISMISSED    
On or around 04/02/2007 (Date of order of final judgment)

Filing Date: October 22, 2004

According to a press release dated March 27, 2007, Staktek Holdings, Inc. (Nasdaq:STAK), a market-leading provider of intellectual property and services for next-generation, chip-stacking and module technologies for high-speed, high-capacity systems, today announced that the U.S. District Court for the Western District of Texas dismissed, in its entirety, Helen Holzwasser v. Staktek Holdings, Inc., the class - action securities complaint filed against the company in 2004.

According to a press release dated April 4, 2006, Glancy Binkow & Goldberg LLP is pleased to announce that it has successfully defeated defendants' motions to dismiss plaintiffs' Amended Complaint, thereby permitting shareholder plaintiffs to pursue securities claims against Staktek Holdings, Inc. ("Staktek")(Nasdaq:STAK) and Staktek officers and directors. Glancy Binkow & Goldberg LLP was previously appointed Lead Counsel in the Class Action lawsuit.

As reported by the Company’s FORM 10-K for the fiscal year ended December 31, 2005, on October 22, 2004, a class action complaint for violations of U.S. federal securities laws was filed in the U.S. District Court in New Mexico against the Company and two of its executive officers (the “Defendants”). The plaintiff claims that the Defendants failed to disclose to the public an anticipated shortage of computer memory chips and that they knew or recklessly disregarded that the anticipated shortage would have a materially adverse impact on our revenue and earnings. In addition, the plaintiff claims that the Defendants failed to disclose to investors that the industry’s transition to a new generation of higher-capacity memory chips was causing computer makers to stockpile supplies of older memory chips, increasing the shortage. The suit covers individuals who purchased Staktek’s stock between November 26, 2003 and May 19, 2004. In April 2005, the case was transferred to federal district court in Austin, Texas, and in June the plaintiff amended her complaint, adding the Company’s chairman of the board as a defendant. In July 2005, the Company filed a motion to dismiss the amended complaint, which motion is pending.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: STAK
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: W.D. Texas
DOCKET #: 04-CV-01220
JUDGE: Hon. Bruce D. Black
DATE FILED: 10/22/2004
CLASS PERIOD START: 11/26/2003
CLASS PERIOD END: 05/19/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
No Document Title Filing Date
COURT: W.D. Texas
DOCKET #: 05-CV-00239
JUDGE: Hon. Bruce D. Black
DATE FILED: 06/13/2005
CLASS PERIOD START: 11/26/2003
CLASS PERIOD END: 05/19/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Binkow & Goldberg LLP (Los Angeles)
    1801 Ave. of the Stars, Suite 311, Glancy Binkow & Goldberg LLP (Los Angeles), CA 90067
    310.201.915 310. 201-916 · info@glancylaw.com
No Document Title Filing Date