If You Purchased Or Otherwise Acquired Netlist, Inc. (“Netlist”) Common Stock Pursuant To Or Traceable To Netlist’s November 29, 2006 Initial Public Offering (“IPO”) During The Period Between November 29, 2006 And April 17, 2007, Inclusive (“Class Period”), Your Rights May Be Affected By A Class Action Settlement.
A class action settlement has been reached in a lawsuit pending against Netlist, Inc., Thomas Weisel Partners, LLC, Needham and Company, LLC, and WR Hambrecht & Co., LLC and others (collectively “Defendants”) in the United States District Court for the Central District of California (captioned Bruce Belodoff v. Netlist, Inc. et al, Case No. SACV-07-00677-DOC (MLGx)) alleging that Netlist, Thomas Weisel Partners, LLC, Needham and Company, LLC, and WR Hambrecht & Co., LLC violated the securities laws, specifically Sections 11 and 15 of the Securities Act of 1933, by causing Netlist to issue a false and misleading Registration Statement and Prospectus in connection with Netlist’s November 29, 2006 Initial Public Offering IPO., according to the Netlist securities class action settlement notice.
The Netlist class action settlement reportedly provides, among other things, that defendants will create a fund (the settlement fund) in the amount of $2,600,000 in cash and will include interest that accrues on the fund prior to distribution.
For more information on the Netlist class action lawsuit settlement and potential settlement benefits, visit the Netlist securities class action settlement website:
www.gilardi.com/netlist
If You Have Thoughts On The Netlist Securities Class Action Lawsuit Settlement, Share Your Settlement Comments Below.