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

Backdating Suit Against Amkor Dismissed

Law360 (September 27, 2007, 12:00 AM EDT) -- A federal court has dismissed a putative securities class action filed against semiconductor packaging company Amkor Technology Inc. and certain of its current and former executives that alleged improper backdating of stock options and other securities law violations.

Judge Paul G. Rosenblatt of the U.S. District Court for the District of Arizona granted Amkor's motion to dismiss the case on Tuesday, saying that the securities class action fell short of the pleading standards under the Private Securities Litigation Reform Act.

“The stock options allegations are insufficient...
To view the full article, register now.
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.