OmniVision Settles Securities Suit For $13.75M

Law360, New York (December 7, 2007, 12:00 AM EST) -- A judge finalized a $13.75 million class action settlement Thursday in a lawsuit that alleged OmniVision Technologies Inc. misled investors about the financial state of the company.

Judge Samuel Conti of the U.S. District Court for the Northern District of California finalized the agreement, which calls for the money to be placed in a settlement fund. The plaintiffs' counsel, Milberg Weiss LLP and Girard Gibbs LLP, will receive 28% of the fund or about $3.8 million and about $560,489 in fees.

The settlement also includes defendants...
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