An intense patent fight with rival Synopsys cost Magma Design Automation $12.5 million to settle last year. But an explosive declaration in the case that caused Magma's stock price to plunge will cost the company even more. U.S. District Judge Charles Breyer gave preliminary approval last week for Magma to pay $13.5 million to settle a securities class action lawsuit over a 40 percent stock drop that followed Magma's chief scientist's admission that he developed the disputed patents as a Synopsys employee.
July 21, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
An intense patent fight between rivals Synopsys Inc. and Magma Design Automation cost Magma $12.5 million to settle last year.
But an explosive declaration in the case that caused a big drop in Magma’s stock price will cost the San Jose, Calif., chip design software company even more.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
