Merix Corporation Announces Re-filing of Complaint in Securities Class Action Lawsuit (In re Merix Corporation Securities Litiga
November 18 2005 - 10:46PM
Business Wire
Merix Corporation (Nasdaq:MERX) today announced that the plaintiff
in the previously filed securities class action lawsuit (In re
Merix Corporation Securities Litigation, U.S. District Court Case
No. CV 04-826-MO) has filed an amended complaint against Merix, its
directors, four of its officers and the underwriters of its January
2004 public offering of common stock, alleging violations of
federal securities laws. The complaint was originally filed on June
17, 2004. Merix filed a motion to dismiss the complaint in February
2005. The motion to dismiss was granted, with leave to re-plead, on
September 15, 2005. The complaint as amended alleges that the
defendants violated the federal securities laws by making certain
alleged inaccurate and misleading statements in the Prospectus used
in connection with the January 2004 public offering. The plaintiff
seeks unspecified damages on behalf of a purported class of
purchasers of Merix securities in the offering. Merix intends to
continue vigorously defending itself in this matter. 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.
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