Wolfson to Proceed with IPO Despite Cirrus Patent Lawsuit

Law360, New York (October 13, 2003, 12:00 AM EDT) -- Scottish-based Wolfson Microelectronics said it would proceed with its initial public offering this week despite a patent infringement lawsuit by U.S. competitor Cirrus Logic filed in a federal court in Los Angeles.

However, the offering is likely to be delayed by two days as the company amends its prospectus listing, newswires reported. The float was originally scheduled for Tuesday of this week.

Cirrus Logic claims that 15 of Wolfson's chips, found mostly in DVD players and incorporating digital-to-analogue converters, infringe on two of its patents. The...
To view the full article, register now.