Integrated Silicon, Shareholder Settle Backdating Suit

Law360 (July 10, 2008, 12:00 AM EDT) -- A shareholder of Integrated Silicon Solutions Inc. has agreed to settle a lawsuit against the company and several executives and directors accused of falsifying financial statements in an options backdating scheme.

The settlement, filed in the U.S. District Court, Northern District of California, San Jose Division, was for an undisclosed amount of money. The court will hear the settlement on July 25.

Attorneys for both the defendants and plaintiff could not immediately be reached Thursday for comment.

Shareholder Rick Tope filed a derivative suit against Integrated...
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