LOS ANGELES, April 4, 2006 (PRIMEZONE) -- Los Angeles, CA - Glancy Binkow & Goldberg LLP is pleased to announce that it has successfully defeated defendants' motions to dismiss plaintiffs' Amended Complaint, thereby permitting shareholder plaintiffs to pursue securities claims against Staktek Holdings, Inc. ("Staktek")(Nasdaq:STAK) and Staktek officers and directors Joseph C. Aragona, James W. Cady and William Kirk Patterson. Glancy Binkow & Goldberg LLP was previously appointed Lead Counsel in the Class Action lawsuit filed in the United States District Court for the Western District of Texas on behalf of shareholders. The action focuses on the defendants' failure to disclose an ongoing D RAM shortage and a production shift in the semiconductor industry to planar technologies. Glancy Binkow & Goldberg LLP has significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.
If you are a shareholder and wish to discuss this action, receive a copy of the Amended Complaint, or have any questions or information concerning the class action lawsuit, this Notice, or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150, or Toll Free at (888) 773-9224, by e-mail to info@glancylaw.com, or visit our website at www.glancylaw.com.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca