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Case Status:    DISMISSED    
On or around 03/20/2007 (Notice of voluntarily dismissal)

Filing Date: August 10, 2006

On March 20, 2007, lead plaintiff filed a notice voluntarily dismissing the action with prejudice as to the lead plaintiff. The shareholder derivative action is currently in progress.

On December 11, 2006, the Court entered the Order granting the motion to appoint the Middlesex Retirement System as lead plaintiff. On January 4, 2007, the Court entered the Order granting the motion to appoint Labaton, Sucharow and Rudoff LLP as lead counsel. On February 1, 2007, a Consolidated Amended Class Action Complaint was filed and then, on February 20, 2007, a Consolidated Second Amended Class Action Complaint was filed. On March 9, 2007, the defendants filed a motion to dismiss the Consolidated Second Amended Class Action Complaint.

The original Complaint alleges Zoran Corporation and certain current and former officers and members of its Board of Directors and certain Company officers violated the Securities Exchange Act of 1934. Zoran, a publicly traded company whose common, stock is traded on Nasdaq under the ticker symbol "ZRAN," develops and markets high-performance digital audio and video imaging applications for purchase by original equipment manufacturers of digital televisions, DVD products, digital cameras, digital printing, multimedia phones and IP cores. The complaint alleges that between July 1998 and September 2001 certain senior executives received unlawfully backdated Zoran stock opinions at the direct expense of Zoran. The issuance and receipt of these unlawfully backdated Zoran stock options was a done in violation of the Exchange Act.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ZRAN
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 #: 06-CV-04843
JUDGE: Hon. William H. Alsup
DATE FILED: 08/10/2006
CLASS PERIOD START: 07/01/1998
CLASS PERIOD END: 09/30/2001
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Stull, Stull & Brody (Los Angeles)
    10940 Wilshire Boulevard - Suite 2300, Stull, Stull & Brody (Los Angeles), CA 90024
    310.209.2468 ·
  2. 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
  3. Weiss & Lurie (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Lurie (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 06-CV-04843
JUDGE: Hon. William H. Alsup
DATE FILED: 02/20/2007
CLASS PERIOD START: 08/10/2001
CLASS PERIOD END: 10/24/2006
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow & Rudoff LLP
    100 Park Avenue, 12th Floor, Labaton Sucharow & Rudoff LLP, NY 10017
    212.907.0700 212.818.0477 · info@labaton.com
No Document Title Filing Date
No Document Title Filing Date