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Case Status:    ONGOING    
On or around 03/08/2019 (Ongoing date of last review)

Filing Date: May 11, 2018

According to the Complaint, Kulick and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and expendable tools to assemble semiconductor devices.

On May 11, 2018, Plaintiff's law firm issued a press release announcing the filing of the Complaint. The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Kulicke and Soffa’s consolidated financial statements for the fiscal year ending September 30, 2017 could no longer be relied upon due to misstated warranty accruals; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

On September 11, 2018, the Court issued an Order appointing Lead Plaintiffs and Counsel. On October 24, Lead Plaintiffs filed an amended Complaint. Defendants filed a Motion to Dismiss the amended Complaint on November 7.

On January 22, 2019, the Court issued an Order transferring this case to the Eastern District of Pennsylvania. On February 8, 2019, the Court issued an Order denying Defendants' Motion to Dismiss the amended Complaint.

COMPANY INFORMATION:

Sector: Technology
Industry: Semiconductors
Headquarters: Singapore

SECURITIES INFORMATION:

Ticker Symbol: KLIC
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: C.D. California
DOCKET #: 18-CV-03969
JUDGE: Hon. Manuel L. Real
DATE FILED: 05/11/2018
CLASS PERIOD START: 11/16/2017
CLASS PERIOD END: 05/10/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
No Document Title Filing Date
COURT: E.D. Pennsylvania
DOCKET #: 19-CV-00362
JUDGE: Hon. Manuel L. Real
DATE FILED: 01/25/2019
CLASS PERIOD START: 11/16/2017
CLASS PERIOD END: 05/10/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. The Rosen Law Firm, P.A. (Jenkintown)
    101 Greenwood Avenue Suite 203 , The Rosen Law Firm, P.A. (Jenkintown), PA 19046
    215-600-2817 ·
No Document Title Filing Date
No Document Title Filing Date