Class Action Suit Against THQ Dismissed.Business Editors CALABASAS HILLS, Calif.--(BUSINESS WIRE)--Jan. 3, 2001 THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. (Nasdaq NMS See NetWare Management System. : THQI) today announced that the class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax filed against it and several of its officers and directors asserting certain securities law violations has been dismissed with prejudice. The decision from the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Central District of California held that the complaint did not satisfy the pleading requirements of the federal securities laws. THQ Inc. develops, publishes and distributes interactive entertainment software for a variety of hardware platforms including PC CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). , and those manufactured by Sega, Microsoft, Nintendo and Sony. The THQ Web site is located at www.thq.com. The statements contained in this release that are not historical facts may be deemed to constitute forward-looking statements. Actual results may differ materially from those projected in such statements due to a number of risks and uncertainties, including, without limitation, demand and competition for the company's products and other risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission, and as more specifically set forth in THQ's most recent form 8-K filed on Nov. 13, 2000. |
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