Sirf Tech Hldgs Target Of Purported Class-Action Suit >SIRF
Sirf Tech Hldgs Target Of Purported Class-Action Suit >SIRF
Last Update: 2/8/2008 7:21:38 PM
DOW JONES NEWSWIRES
Sirf Technology Holdings Inc. (SIRF) faces a purported class-action lawsuit from
shareholders, said law firm Coughlin Stoia Geller Rudman & Robbins LLC.
Representatives from Sirf couldn’t immediately be reached for comment.
The suit accuses the San Jose based semiconductor company and certain officers of
making materially false and misleading statements regarding the company’s
business and prospects.
The statements, the complain alleges, allowed one of the defendants to sell $9.6
million worth of Sirf stock at $24.18 to $24.29 a share.
The stock closed today at $7.22, 30 cents above its 52-week low of $6.90, reached
Thursday. Shares rose 9 cents to $7.31 after-hours.
-Adam O. Manzor; 201-938-5400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 08, 2008 19:17 ET (00:17 GMT)
Did you like this? If so, please bookmark it,
Possibly Related Posts:
- Pearl River Delta repositioned as China’s “reform test field”
- The number that scares me the most is the number we can’t get.
- “Lyin’ Bankers, Meet Mathematics” By Karl Denninger
- Citing quarterly real housing prices (adjusted for inflation 1975-2008) here:
- Why Crude Oil Prices will Decline
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
Stumble It!
Leave a Reply