ENGLEWOOD CLIFFS, N.J., June 29, 2006 (PRIMEZONE) -- Gardy & Notis, LLP has filed a securities fraud class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of KLA-Tencor Corporation (Nasdaq:KLAC) stock during a class period of February 13, 2003 to May 22, 2006.
The complaint charges KLA-Tencor and its top executive officers and directors violated the federal securities laws by failing to account properly for stock options made to KLA-Tencor employees. The complaint charges that KLA-Tencor improperly expensed stock options, thereby falsely inflating the company's reported financial performance.
If you purchased KLA-Tencor Corporation stock between February 13, 2003 and May 22, 2006 and have sustained damages, you may, no later than August 28, 2006, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation, and you must meet certain legal requirements to serve as a lead plaintiff.
For more information regarding the lawsuit or to obtain a copy of the complaint, please contact plaintiff's counsel, Mark C. Gardy at Gardy & Notis, LLP:
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.