U.S. District Court Dismisses AuthenTec Shareholder Lawsuit

U.S. District Court Dismisses AuthenTec Shareholder Lawsuit - 9/25/2009

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2009 News and Press Releases

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

DISMISSAL NEWS:

U.S. District Court Dismisses AuthenTec Shareholder Lawsuit
Staff Writer

Business Wire. September 25, 2009
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EXCERPT: AuthenTec (NASDAQ:AUTH), the world’s leading provider of smart fingerprint sensors and solutions, announced today that the U.S. District Court for the Middle District of Florida has granted AuthenTec’s motion to dismiss the shareholder class action lawsuit filed against the Company and certain of its officers. Following an examination of the party’s submissions in the case, the Court granted AuthenTec’s Motion to Dismiss, dismissed the plaintiff’s amended complaint with prejudice, and ordered the Clerk of the Court to close the case file. “We are pleased with the decision that this lawsuit be rightfully dismissed,” said AuthenTec Chairman and CEO F. Scott Moody. “We were confident from the beginning of this case that the Court would carefully weigh the facts and arrive at a fair and just conclusion. We look forward to our continued focus on providing smart fingerprint sensors and solutions that offer security, convenience, navigation and personalization to PCs, cell phones and other products.” AuthenTec brings multiple touch-powered features including navigation, personalization, convenience and security to nearly 50 million PCs and peripherals, cell phones and other products.

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