August 7, 2014 - The U.S. Court of Appeals for the Ninth Circuit affirmed the decision of the district court.
January 17, 2012 - The lead plaintiff filed a notice of appeal.

December 16, 2011 - The court granted the defendants' motion to dismiss.

July 1, 2011 - The defendants filed a motion to dismiss.

April 29, 2011 - The lead plaintiff filed an amended complaint.

March 11, 2011 - The court granted the defendants' motion to dismiss.

June 15, 2010 - The defendants filed a motion to dismiss.

April 9, 2010 - The lead plaintiff filed an amended complaint.

December 21, 2009 - The lead plaintiff and lead counsel were appointed and all cases were consolidated.

November 2, 2009 - Lead plaintiff motions were filed.

September 2, 2009 - An investor in shares of Immersion Corporation (NASDAQ: IMMR) filed a lawsuit in the U.S. District Court for the Northern District of California against Immersion Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 3, 2007 and June 30, 2009.

According to the complaint the plaintiff alleges that Immersion Corporation and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between May 3, 2007 and June 30, 2009 materially false and misleading statements regarding the Immersion Corporation's transactions in its medical line of business. Specifically, defendants failed to disclose that Immersion Corporation' revenue recognition practices in its medical line of business were improper and as a result of defendants' false and misleading statements, Immersion Corporation stock (NASDAQ: IMMR) traded at artificially inflated prices between May 3, 2007 and June 30, 2009, reaching a high of $20.50 per share on July 13, 2007, so the lawsuit.

Then in February 2008, Immersion Corporation announced a correction of its income tax expense for its interim 2007 results. But the plaintiff alleges that the stock continued to trade at artificially inflated levels due to Immersion Corporation’s reported profitability. Then, on July 1, 2009, before the market opened, Immersion Corporation issued a press release announcing that the Audit Committee of the Company`s Board was conducting an internal investigation into certain previous revenue transactions in its Medical line of business and on this news, Immersion Corporation's stock dropped over 23% from a close of $4.94 per share on June 30, 2009 to a close of $3.80 per share on July 1, 2009, so the lawsuit.

Immersion Corporation, located in San Jose, California, is a provider of haptic technologies that allow people to use their sense of touch while operating a variety of digital devices. Immersion Corporation develops and manufactures or licenses a range of hardware and software technologies and products. Immersion Corporation reported in 2007 Total Revenue of $34.70million with a Net Income of $117.02million and in 2008 Total Revenue of $36.53million with a Net Loss of $47.69million. Shares of Immersion Corporation (NASDAQ: IMMR) traded recently at $ 4.29 per share, down from a 52weekHigh of $7.49 per share and over $20 per share in 2007.