From the latest S-3
<< CRIMINAL COMPLAINT.
The Santa Clara County District Attorney's office also is investigating
the allegations of misappropriation of trade secrets set forth in Cadence's
lawsuit, described above. On April 11, 1997, the Santa Clara County District
Attorney filed a criminal complaint alleging felony level offenses against,
among others, Avant! and the following Avant! employees and/or directors,
Gerald C. Hsu, President, Chief Executive Officer and Chairman of the Board
of Directors, Y. Eric Cho, a member of the Board of Directors, Y. Z. Liao,
Corporate Fellow, Stephen Wuu, CEO Staff, Operations, Leigh Huang, Marketing
Manager and Eric Cheng, Research and Development Manager, for allegedly
violating various California Penal Code sections relating to the theft of
trade secrets. Avant! and the individuals have pleaded not guilty and are
awaiting further proceedings. The criminal complaint could result in criminal
fines against Avant!, as well as the potential incarceration of certain
members of its management team. Such outcomes could result in canceled or
postponed customer orders...>>
Dear Avant! Customer:
Your order will be delayed from 2 to 7 years while we wait for our CEO to get out of the joint.
Sincerely,
Customer Relations |
