Court Won’t Alter Stay In Infineon Shareholder Case

Law360, New York (April 8, 2010, 2:55 PM EDT) -- A federal court has shot down a bid by shareholders to tweak a stay in their consolidated class action alleging Infineon Technologies AG took part in a memory chip price-fixing scheme, a decision that comes amid the company's appeal of an order granting class certification.

The plaintiffs claimed the U.S. Supreme Court late last year granted certiorari in a case that could delay Infineon’s pending appeal and asked the court to allow for limited discovery, but Judge James Ware of the U.S. District Court for the...
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