Corporate
Jul. 13, 2011
Infineon Settles Class Action for $6.2 Million
Infineon Technologies has settled a long-running securities class action with shareholders, agreeing to pay $6.2 million to resolve claims it artificially inflated its stock price between 2000 and 2004.
By Jill Redhage
Daily Journal Staff Writer
Infineon Technologies has settled a long-running securities class action with shareholders, agreeing to pay $6.2 million to resolve claims it artificially inflated its stock price between 2000 and 2004.
Pending the judge's approval, 27 percent of the settlement fund would go to the plaintiffs' lawyers on the case, which in California included Robbins Geller Rudman & Dowd LLP. In Re: Infineon Technologies AG Securities Liti...
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