ATYT Ati Technologies

Complaint Alleges Insider Trading Pattern COLCHESTER, Conn., Sept. 28 /PRNewswire/ -- Scott+Scott, LLC (http://www.scott-scott.com/) represents shareholders in a securities class action filed in the United States District Court for the Eastern District of Pennsylvania against ATI Technologies, Inc. ("ATI") (NASDAQ:ATYT) and individual defendants. ATI securities purchasers between October 7, 2004 and June 23, 2005, inclusive (the "Class Period"), are members of the putative class. ATI is the world's second largest computer graphics chip maker and engages in the design, manufacture and sale of 3D graphics and digital media silicon solutions. If you wish to discuss this action or have questions concerning this notice or your rights as a class member, please contact Scott+Scott for more information. Scott+Scott will provide you with case materials, answer all questions regarding your participation and rights and assist you with other services the firm provides. There is no cost or fee to you. Contact Scott+Scott partner Neil Rothstein (, 800/332-2259, ext. 22, or cell 619/251-0887). The complaint alleges that during the Class Period, ATI and certain individual defendants violated the Securities Exchange Act of 1934 by making false and misleading statements about ATI, causing its stock to trade at artificially inflated levels and allowing insiders to sell over $54 million worth of their own shares at artificially inflated prices. Specifically, the complaint alleges that throughout the Class Period, ATI falsely reported strong financial results in press releases and SEC filings. The truth began to emerge on June 6, 2005, when ATI warned that its revenues for the third quarter 2005 would be $530 million, 5% below the Company's guidance. The complaint also alleges that during the Class Period, Chairman Kwok Yuen Ho ("Ho") was embroiled in an insider trading case with the Ontario Securities Commission for April of 2000 stock sales of over $7 million. On April 11, 2005, ATI agreed to settle its own liability for complicity in the insider trading suit by paying $900,000 in fines and agreeing to corporate governance changes, including insider trading prohibitions. Despite Ho's knowledge that insider trading violates investor protection laws in the United States, it is alleged, Ho again disposed of over $43 million worth of ATI stock during the Class Period. The plaintiff is represented by Scott+Scott, LLC, which has expertise in prosecuting investor class actions. The firm dedicates itself to client communication and satisfaction and currently is litigating major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, charities, foundations, individuals and other entities worldwide. Current cases the firm is litigating include: Host America Corp.; Mercury Interactive Corp.; Investors Financial Services Corp.; Boston Scientific Corp.; DHB Industries, among others. Website: http://www.scott-scott.com DATASOURCE: Scott+Scott, LLC CONTACT: Neil Rothstein, 1-800-332-2259, ext. 22, or mobile: +1-619-251-0887, , of Scott+Scott, LLC

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