Merix Corporation Obtains Dismissal of Federal Class Action Securities Complaint
September 20 2005 - 6:14PM
Business Wire
Merix Corporation (Nasdaq:MERX) today announced that the complaint
in the securities class action lawsuit (In re Merix Corporation
Securities Litigation, U.S. District Court Case No. CV 04-826-MO)
filed against Merix and four of its officers has been dismissed
without prejudice to plaintiffs' right to refile. The complaint,
which was originally filed on June 17, 2004, named Merix and four
of its officers as defendants in a class action lawsuit alleging
violations of federal securities laws. The Company vigorously
defended itself and its officers with the filing of a motion to
dismiss in February 2005. The motion was granted on September 15,
2005. In the event the plaintiffs exercise their right to refile,
the Company will continue to vigorously defend itself and its
officers. Merix is a leading manufacturer of technologically
advanced, multilayer, rigid printed circuit boards for use in
sophisticated electronic equipment. Merix provides high-performance
materials, quick-turn prototype, pre-production and volume board
production to its customers. Principal markets served by Merix
include data communications and wireless telecommunications,
high-end computing, and test and measurement end markets in the
electronics industry. Additional corporate information is available
at www.merix.com.
Merix (MM) (NASDAQ:MERX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Merix (MM) (NASDAQ:MERX)
Historical Stock Chart
From Jul 2023 to Jul 2024