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Tuesday, May 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Class Certified

A federal judge Thursday certified a class of shareholders who claim Magnachip Semiconductor goosed its stock price through a “wide-ranging accounting fraud … fabricated sales, kickbacks, recognition of revenue for products that had not been manufactured, and channel stuffing.”

SAN FRANCISCO – A federal judge Thursday certified a class of shareholders who claim Magnachip Semiconductor goosed its stock price through a “wide-ranging accounting fraud … fabricated sales, kickbacks, recognition of revenue for products that had not been manufactured, and channel stuffing.”

Categories / Securities, Technology

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