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Opti Inc. Message Board

  • nickp47 nickp47 Feb 14, 2012 3:38 PM Flag

    Guess Sal is still not happy

    On February 9, 2012, a shareholder class action was filed in the United States District Court for the Northern District of California alleging that the Company's directors breached their fiduciary duties in approving the Plan of Liquidation and violated Section 14(a) of the Securities Exchange Act of 1934 and Rule 14a-9 in connection with issuing the consent solicitation with the intention of obtaining shareholder approval. The action also alleges that the Company aided and abetted in the director's breach of fiduciary duties. The Company and directors believe that this action is without merit and will defend it vigorously.

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