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The Securities and Exchange Commission today simultaneously filed and settled civil fraud charges against California-based integrated circuit maker Vitesse Semiconductor Corp.

As detailed in the following guest post from Michael Klausner and Jason Hegland of Stanford Law School, securities class action lawsuit arising in bankruptcy are different from cases involving solvent companies. Continue Reading With the addition of a 7 million settlement involving Lehman Brothers’ offering underwriters, the pending settlements in the Lehman Brothers securities class action lawsuit now total 7 million.This settlement, if approved by the Court, will resolve the uncertainty associated with these litigations and put an end to the significant legal expenses we would have incurred in the event we had to continue to litigate, said Christopher R. The proposed settlement of the class action will include a cash payment to the settlement fund of .2 million: .75 million to be paid by Vitesse liability insurers and a total of

As detailed in the following guest post from Michael Klausner and Jason Hegland of Stanford Law School, securities class action lawsuit arising in bankruptcy are different from cases involving solvent companies. Continue Reading With the addition of a $417 million settlement involving Lehman Brothers’ offering underwriters, the pending settlements in the Lehman Brothers securities class action lawsuit now total $507 million.

This settlement, if approved by the Court, will resolve the uncertainty associated with these litigations and put an end to the significant legal expenses we would have incurred in the event we had to continue to litigate, said Christopher R. The proposed settlement of the class action will include a cash payment to the settlement fund of $10.2 million: $8.75 million to be paid by Vitesse liability insurers and a total of $1.45 million to be paid by Louis R. In addition, Vitesse will contribute 2,650,000 shares of Vitesse common stock and no cash to the class fund.

As part of the proposed settlement of the federal and state derivative actions, the three former executives of Vitesse, Messrs.

)--Vitesse Semiconductor Corporation (Pink Sheets: VTSS) today announced that it has entered into a proposed settlement of all federal securities class action claims that were filed against the Company and all related federal and state shareholder derivative actions.

These actions were filed starting in April 2006 and were based on allegations of stock option backdating and accounting manipulations.

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As detailed in the following guest post from Michael Klausner and Jason Hegland of Stanford Law School, securities class action lawsuit arising in bankruptcy are different from cases involving solvent companies. Continue Reading With the addition of a $417 million settlement involving Lehman Brothers’ offering underwriters, the pending settlements in the Lehman Brothers securities class action lawsuit now total $507 million.This settlement, if approved by the Court, will resolve the uncertainty associated with these litigations and put an end to the significant legal expenses we would have incurred in the event we had to continue to litigate, said Christopher R. The proposed settlement of the class action will include a cash payment to the settlement fund of $10.2 million: $8.75 million to be paid by Vitesse liability insurers and a total of $1.45 million to be paid by Louis R. In addition, Vitesse will contribute 2,650,000 shares of Vitesse common stock and no cash to the class fund.As part of the proposed settlement of the federal and state derivative actions, the three former executives of Vitesse, Messrs.)--Vitesse Semiconductor Corporation (Pink Sheets: VTSS) today announced that it has entered into a proposed settlement of all federal securities class action claims that were filed against the Company and all related federal and state shareholder derivative actions.These actions were filed starting in April 2006 and were based on allegations of stock option backdating and accounting manipulations.

.45 million to be paid by Louis R. In addition, Vitesse will contribute 2,650,000 shares of Vitesse common stock and no cash to the class fund.As part of the proposed settlement of the federal and state derivative actions, the three former executives of Vitesse, Messrs.)--Vitesse Semiconductor Corporation (Pink Sheets: VTSS) today announced that it has entered into a proposed settlement of all federal securities class action claims that were filed against the Company and all related federal and state shareholder derivative actions.These actions were filed starting in April 2006 and were based on allegations of stock option backdating and accounting manipulations.

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