KLA-Tencor Corporation (KLAC) Message Board

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Technology Stocks : KLA-Tencor Corporation (KLAC)

KLAC 1,209

-0.5%

Oct 31 9:30 AM EST

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From: Math Junkie	8/13/2006 3:04:25 AM
	of 1779

Has anyone else received a copy of complaints in the mail for a class action lawsuit against KLA-Tencor? It includes a form to send in authorizing the suit and agreeing to testify against the company, which, for someone like me, who was not in a position to know anything incriminating, makes no sense at all. The subject of the complaints is alleged back-dating of employee stock options, and alleged withholding of material negative information. I don't know whether there is anything to it, but I take a dim view of many class action suits, because my observation is that the plaintiffs' law firm makes a bundle, and the members of the class get a pittance, if anything. One peculiarity is that usually when I get a notice of a class action suit, it contains a notice of how to withdraw from the class, but I didn't see that with this one.

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