Court Blocks Infineon From Dismissing Shareholder Suit

Law360, New York (June 2, 2006, 12:00 AM EDT) -- In a setback for Infineon Technologies AG, a California district court has denied the German semiconductor maker’s attempt to dismiss a U.S. class action on behalf of shareholders who claimed Infineon inflated its share price through cartel deals.

In May, a district judge in the U.S. District Court for the Northern District of California rejected the dismissal motion by Infineon, one of the world’s largest manufacturers of Dynamic Random Access Memory (DRAM).

U.S. District Judge James Ware allowed the case to proceed on the basis of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.