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Article: Tower Semiconductor Ltd. Announces It Has Learned That Action Has Been Filed against It.
- Article from:
- Business Wire
- Article date:
- July 9, 2003
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Business Editors
MIGDAL HAEMEK, Israel--(BUSINESS WIRE)--July 9, 2003
Tower Semiconductor Ltd. (NASDAQ: TSEM; TASE: TSEM) today announced that it has learned, based on a press release issued to the news services, that an action has been filed in the United States District Court for the Southern District of New York on behalf of the holders of Tower Semiconductor Ltd., against Tower and certain of its directors and shareholders, asserting claims arising under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated thereunder.
While the company has not received a copy of the lawsuit, based on the information ...