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Infineon Technologies AG (ADS) (OTC: IFNNY) Investor Securities Class Action Lawsuit 09/30/2004

  • You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of October 24, 2011 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Infineon Technologies AG
Security
OTC: IFNNY

Case Name
Infineon Technologies Shareholder Class Action Lawsuit 09/30/2004
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of California

Class Period Begin
Class Period End
Settlement Notice
infineon_technologies_ag_settlement_notice_7_2011.pdf
Settlement Proof
infineon_technologies_ag_settlement_proof_7_2011.pdf
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Settlement Overview

Date Settled
Date Settled
Settlement Amount
$6,200,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

July 11, 2011 - The court preliminarily approved the settlement.

June 20, 2011 - A stipulation of settlement was filed by the parties.

March 17, 2011 - The court granted in part and denied in part the defendants' motion to dismiss.

December 10, 2010 - A motion to dismiss the fourth amended complaint was filed. 

November 8, 2010 - A fourth amended complaint was filed.

January 25, 2008 - The court granted in part and denied in part the defendants' motion to dismiss.

August 27, 2007 - A motion to dismiss the third amended complaint was filed.

July 17, 2007 - A third amended complaint was filed.

November 17, 2006 - A motion to dismiss the second amended complaint was filed.

October 11, 2006 - A second amended complaint was filed.

May 22, 2006 - The court granted in part and denied in part the defendants' motion to dismiss.

October 12, 2005 - A motion to dismiss the amended complaint was filed.

June 30, 2005 - An amended complaint was filed.

October 4, 2004 - Another investor filed a complaint in the U.S. District Court for the Northern District of California on behalf of investors who purchased Infineon Technologies AG American Depositary Shares (ADS) (OTC: IFNNY) between March 13, 2000 and September 15, 2004.

September 30, 2004 - An investor in American Depositary Shares (ADS) of Infineon Technologies AG (OTC: IFNNY) filed a lawsuit in the U.S. District Court for the Northern District of California against Infineon Technologies AG over alleged violations of Federal Securities Laws between March 13, 2000 and July 19, 2004.

The complaint alleges that Infineon Technologies AG engaged in securities fraud by participating in an illegal price-fixing conspiracy involving Dynamic Random Access Memory (DRAM) and then inflating the price of Infineon Technolgoies AG securities by making misrepresentations about the impact of the artificially inflated DRAM prices on Infineon’s corporate value.

Date Settled