Some Claims Nixed In Maxim Backdating Suit

Law360, New York (July 20, 2009, 7:26 PM EDT) -- A federal judge has tossed a number of claims in a proposed securities fraud class action against semiconductor maker Maxim Integrated Products Inc. alleging the company and several former officers and directors improperly participated in a stock options backdating scheme that artificially pumped up Maxim’s stock price.

In an order issued Thursday, Judge James Ware of the U.S. District Court for the Northern District of California agreed to discard some of the claims against Maxim from a consolidated complaint filed in November 2008, but also gave...
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