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Article: Class Action Suit Filed Against Smart Modular Technologies, Inc. and Its Officers and Directors Alleging Misrepresentations and Insider Trading.
- Article from:
- Business Wire
- Article date:
- July 1, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN DIEGO--(BUSINESS WIRE)--July 1, 1998--A class action has been commenced in the United States District Court for the Northern District of California on behalf of purchasers of Smart Modular Technologies, Inc. ("Smart Modular") (NASDAQ:SMOD) common stock during the period July 1, 1997 to May 21, 1998 (the "Class Period").
The complaint charges Smart Modular and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Smart Modular is a manufacturer of add-on components for PCs, including specialty and standard memory modules and PC cards.
The complaint alleges that during the Class Period, defendants falsely represented ...