Integrated Silicon Solution (ISSI) Announces Preliminary Court Approval of Derivative Settlement
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Integrated Silicon Solution (Nasdaq: ISSI) announced that the United States District Court for the Northern District of California has granted preliminary approval of the previously disclosed settlement of In re Integrated Silicon Solution, Inc. Shareholder Derivative Litigation, Case No.: C-06-04387 RMW (N.D. Cal.), a consolidated shareholder derivative action that alleges various claims for relief in connection with the Company's granting of certain historical stock options. The proposed settlement is subject to final Court approval. The Court has set a final approval hearing for June 5, 2009 at 9:00 a.m. in the courtroom of the Hon. Ronald Whyte, United States District Judge.
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