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Thomas v. Magnachip Semiconductor Corp. et al
Case Number:
3:14-cv-01160
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Multi Party Litigation:
Class Action
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- Akin Gump
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November 16, 2017
Avenue Capital $6M MagnaChip Fraud Deal Tossed Again
A California federal judge on Thursday refused for the second time to grant preliminary approval to a $6.2 million deal between MagnaChip Corp.'s majority shareholder Avenue Capital and the semiconductor products maker's common stock investors who sued for an alleged fraud scheme in which Avenue sold its shares at inflated prices.
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October 23, 2017
Avenue Capital Can't Seal $6M MagnaChip Fraud Settlement
A California federal judge Friday refused to grant preliminary approval to a $6.2 million deal between MagnaChip Corp.'s majority shareholder and the semiconductor products maker's common stock investors who sued for securities fraud, saying the settlement didn't include how much could be recovered at trial.
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July 18, 2016
MagnaChip, Investors Get Preliminary Nod For $23.5M Deal
A California federal judge on Monday preliminarily approved a proposed $23.5 million settlement between semiconductor manufacturing company MagnaChip and investors in common stock who brought a federal securities class action alleging the company engaged in accounting fraud.