Business Services Industry
OPTi shareholder class action suit dismissed
Business Wire, April 4, 1997
MILPITAS, Calif.--(BUSINESS WIRE)--April 4, 1997--OPTi Inc. (NASDAQ:OPTI) announced today that on March 28, 1997, the U.S. District Court in the Northern District of California entered an order granting the defendants' motion to dismiss the Securities Class Action suit brought against OPTi in September 1995.
The motion to dismiss was granted by Judge Saundra Brown Armstrong and was with prejudice and without leave to amend.
OPTi Inc., founded in 1989, is a leading independent volume supplier of core logic and multimedia silicon solutions to the personal computer market.
OPTi is headquartered in Milpitas, and the company's customers include many of the major PC OEMs in the world. OPTi stock is traded on the National Market System under NASDAQ symbol OPTI. For more information about OPTi's products, contact 408/486-8000, or worldwide Web Home Page at http://www.opti.com .
CONTACT: OPTi Inc.
Janet L. Courtenay, 408/486-8216
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