Class Action Suit Filed Against The DII Group, Inc. and Its Officers and Directors Alleging Misrepresentations About DII's Orbit Semiconductor, Inc. Acquisition, Business Performance and Earnings Growth.SAN DIEGO--(BUSINESS WIRE)--Sept. 9, 1997--A class action has been commenced in the United States District Court for the District of Colorado The United States District Court for the District of Colorado is the Federal district court whose jurisdiction is the state of Colorado. The United States Attorney's Office for the District of Colorado on behalf of purchasers of The DII DII Dynamic Invocation Interface (CORBA client-side API) DII Defense Information Infrastructure DII Diablo 2 (role-playing game) DII Defence Information Infrastructure Group, Inc. ("DII") common stock during the period April 1, 1996 to September 8, 1996 ("Class Period"). This group of purchasers includes Orbit Semiconductor Orbit Semiconductor is a recognized and established player in FPGA to ASIC conversions and in ASIC to ASIC conversions, with a solid experience of thousands of successful conversions in the last 14 years. , Inc. ("Orbit") shareholders who acquired DII common stock when DII acquired Orbit in a stock-for-stock transaction approved August 22, 1996. The complaint charges DII, a supplier of electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. products and services, with operations in the Asia-Pacific region, Europe, and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (including Mexico), and certain of its officers and directors with violations of the federal securities laws by making misrepresentations about DII's Orbit acquisition, business and earnings growth. By issuing these allegedly false and misleading statements, defendants artificially inflated DII's stock price to a Class Period high of over $30 and acquired Orbit before the true facts about DII's and Orbit's troubled operations, diminished profitability and decreasing sales were revealed and DII's stock collapsed to as low as $18-1/2 per share. Plaintiffs seek to recover damages on behalf of all purchasers of DII common stock during the Class Period (the "Class"). They are represented by several law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
Milberg Weiss has been actively engaged in commercial litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , emphasizing securities and antitrust class actions, for more than 20 years. The firm has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Diego, San Francisco and Los Angeles and is active in major litigation pending in federal and state courts throughout the United States. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to major positions in complex multi-district or consolidated litigations. Milberg Weiss has taken a lead role in numerous important actions on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total approximately $2 billion. Visit the firm's website at http://www.milberg.com . If you are a member of the Class described above, you may, no later than 60 days from today, move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel, William Lerach or Henry Rosen of Milberg Weiss at 800/348-6192 or via e-mail at wsl@mwbhl.com or Robert Dyer of Dyer Donnelly at 303/861-3003. CONTACT: Milberg Weiss William Lerach or Henry Rosen, 800/348-6192 wsl@mwbhl.com |
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