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Technology Stocks : Quickturn (QKTN)

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To: Tom LePera who wrote (61)3/25/1997 7:34:00 PM
From: jetcityrandy   of 251
 
I have a little time, so I will key-in some information from the documentation I received:
_________________________________

United States District Court, Northern District of California
Larry Stack et al., Plaintiffs v. Keith R Lobo, et al., Defendants

"Notice of Proposed Settlement and Settlement Hearing".

To: All persons who purchased or otherwise acquired any shares of the common stock of Quickturn Design Systems, Inc. ("Quickturn") during the period from and including December 15, 1993 through January 5, 1995.

[and in about the third paragraph into the 6 page document.]
On January 20, 1995, Plaintiffs Stack and Parnes filed a class action complaint against Quickturn and eight of its present and former officers and directors entitled Stack and Parnes v. Lobo, et al., No. C-95-20049-SW (EAI). The complaint alleged violations of Sections 10(b), 15 and 20(a) of the Securities Exchange Act of 1934, and Rule 10B-5 promulgated therunder, and Sections 11 and 12(2) of the Securities Act of 1933. [and on, and on, and on]

This doesn't strike me as a patent infringement matter; it sounds more like malfeasance and wrongdoing. I can't believe others on this thread haven't been notified. Heck, my purchase of QKTN was last sept. and oct.(1996) and this doesn't even apply to me. Maybe everyone here on the thread has invested in the last year or less??
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