Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Expenses and Fairness Hearing on Behalf of Those Who Purchased the Common Stock of Leadis Technology, Inc. Announced by Barroway Topaz Kessler Meltzer & Check, LLP.

Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Expenses and Fairness Hearing on Behalf of Those Who Purchased the Common Stock of Leadis Technology, Inc. Announced by Barroway Topaz Kessler Meltzer & Check, LLP. - 3/12/2009 , Class Action News, Class Action, Securities News, shareholder class action, claim, litigation, securities action, common stock'>

Home

Index of Filings

News and Press Releases

Filings

Decisions

Settlements

Litigation Activity Indices

Top Ten List

Annual/Quarterly Updates

Clearinghouse Research

Articles & Papers

Search

Related Sites

About Us

Local Rules

Sponsors

Register

_______________
Copyright © 2001
Stanford Law School

2009 News and Press Releases

SEARCH

News	News 2009
HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

SETTLEMENT NEWS:

Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys' Fees and Expenses and Fairness Hearing on Behalf of Those Who Purchased the Common Stock of Leadis Technology, Inc. Announced by Barroway Topaz Kessler Meltzer & Check, LLP.
Staff Writer

PR Newswire. March 12, 2009
_________________________________________________________________________

EXCERPT: For purposes of this Settlement only, shares of Leadis common stock purchased "pursuant to, or traceable to, the Company's IPO" refers to any share of Leadis common stock initially purchased at the IPO offering price on the date the registration statement was declared effective, or any share of Leadis common stock purchased on the open market between June 16, 2004 and March 2, 2005 inclusive. Excluded from this definition are any "purchases," made on or about the date that the Company's IPO registration statement was declared effective, in which Leadis preferred stock was converted to common stock (but, no open-market purchases on or before March 2, 2005 are excluded). YOU ARE HEREBY NOTIFIED that the above-captioned action has been certified as a class action and that a settlement for Four Million Two Hundred Thousand Dollars ($4,200,000) has been proposed. A hearing will be held before the Honorable Charles R. Breyer in the United States District Court for the Northern District of California, United States Courthouse, 450 Golden Gate Avenue, San Francisco, California 94102, Courtroom 18, at 10:00 a.m., on June 19, 2009 to determine whether: (1) the proposed Settlement should be approved by the Court as fair, reasonable, and adequate; (2) the Plan of Allocation should be approved; (3) Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses should be approved; (4) the claims against Defendants should be dismissed with prejudice; and (5) the Court should rule on such other matters as the Court deems appropriate. Defendants expressly deny any wrongdoing alleged in this lawsuit and neither admit nor concede any actual or potential fault, wrongdoing, or liability in connection with any facts or claims that have been or could have been alleged in the Action.

Back to News page | Back to Archived News 2009 page | Back to Top

�