Merix obtains dismissal of federal class action securities complaint
Sep 21, 2005
Merix Corporation (Nasdaq:MERX) announced that the complaint in the securities class action lawsuit (In re Merix Corporation Securities Litigation, U.S. District Court Case No. CV 04-826-MO) filed against Merix and four of its officers has been dismissed without prejudice to plaintiffs' right to refile.
The complaint, which was originally filed on June 17, 2004, named Merix and four of its officers as defendants in a class action lawsuit alleging violations of federal securities laws. The Company vigorously defended itself and its officers with the filing of a motion to dismiss in February 2005. The motion was granted on September 15, 2005. In the event the plaintiffs exercise their right to refile, the Company will continue to vigorously defend itself and its officers.