We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Semtech To Pay $20M To Settle Backdating Suit

Law360 (December 9, 2010, 3:46 PM EST) -- Semiconductor manufacturer Semtech Corp. has agreed to settle a stock options backdating class action for $20 million.

The agreement in principle calls for a final settlement agreement that would resolve all the claims against the company and officers and directors named in the suit in exchange for the $20 million, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

The company and the executives won't admit any wrongdoing as part of the agreement, the filing said.

The agreement is still subject to...
To view the full article, register now.




Case Information

Case Title

Middlesex County Retirement System et al v. Semtech Corp. et al

Case Number



California Central

Nature of Suit



Christina A. Snyder

Date Filed

October 31, 2007

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.