Police and Fire Retirement System of the City of Detroit v. KLA-Tencor Corp., No. 06-4709-MHP (N.D. Cal.)
KSG is co-counsel in this securities fraud class action brought against against KLA-Tencor Corporation (NASDAQ:KLAC) on behalf of all investors who purchased KLA-Tencor securities between June 30, 2001 and May 22, 2006. The Complaint alleges that KLA and certain current and prior officers and directors manipulated the prices of stock option grants and made materially false and misleading statements and/or omitted material facts necessary to make those statements not misleading. The Complaint alleges violations of Sections 10(b), 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. Sections 78j(b), 78n(a), and 78t(a) and Rules 10b-5 and 14a-9 promulgated thereunder, 17 C.F.R. Section 240.10b-5 and 240.14a-9.
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Originally Posted: 08/03/2006