Court Should Heed SEC Suits Vs. KLA-Tencor: Funds

Law360, New York (October 25, 2007, 12:00 AM EDT) -- Lead plaintiffs in a consolidated securities class action against KLA-Tencor Corp. are fighting the computer chip manufacturer's contentions that court notice of federal regulator actions against the company is an improper attempt to confirm and add allegations to the suit.

Public pension funds serving as lead plaintiffs in the case filed a memorandum on Thursday in a California federal court claiming that judicial notice is appropriate for three U.S. Securities and Exchange Commission complaints filed against the company and its executives, as well as news articles...
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