Mon, Jan 26, 2015, 9:11 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Canon Inc. Message Board

  • aztrex1960 aztrex1960 Nov 21, 2003 1:12 PM Flag


    SAN JOSE, CALIFORNIA, NOVEMBER 20, 2003 - Dallas Semiconductor Corporation, a subsidiary of Maxim Integrated Products (NASDAQ:MXIM) was hit yesterday with an $11.4 million-dollar verdict. A jury in San Jose, California awarded the $11.4 million in damages in a lawsuit brought by Lam Research Corporation of Fremont, California (NASDAQ:LRCX). Lam charged Dallas with breaching purchase-order contracts for semiconductor fabrication systems and claimed that after Maxim acquired Dallas in 2001, Maxim stopped Dallas from completing the transaction.
    Lam was represented by Bergeson, LLP. Bergeson�s trial attorneys, John (Jay) Fowler and Marc van Niekerk said Maxim pulled the plug after Lam built two of the six systems Dallas had ordered. Maxim took over Dallas and later claimed there were no contracts because the boilerplate language on the back of the purchase document conflicted. Jay Fowler, the lead trial attorney stated: �This is an important decision for business. The jury clearly understood and properly applied the Uniform Commercial Code.� Van Niekerk said, �This was a smart and hard-working jury. They were not fooled by Maxim�s tactics.� The jury took less than a day to rule in favor of Lam.
    Judge Schneider of the Santa Clara Superior Court presided over the five week trial. Judge Schneider has set a December hearing date for Lam�s claim against Maxim that it is Dallas Semiconductor�s alter-ego.
    CONTACT: Jay Fowler, Esq.
    Bergeson, LLP
    408-291-2755 (direct)

33.27+0.22(+0.67%)Jan 26 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.