| Company: | Zoran Corporation |
| Ticker Symbol: | NASD: ZRAN |
| Class Period: | April 30, 1999 to May 1, 2006 |
| Date Filed: | Aug-23-06 |
| Lead Plaintiff Deadline: | Oct-22-06 |
| Court: | Northern District, CA |
| Allegations: |
A class action has been filed in the United States District Court for the Northern District of California on behalf of shareholders who received any or all of the Zoran Corporation ("Zoran" or the "Company") (NASDAQ: ZRAN) Definitive Proxy Statements dated April 30, 1999 through May 1, 2006.
The Complaint charges that Zoran and certain of its directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), and Rule 14a-9 promulgated thereunder. More specifically, the action alleges that between July 1998 and September 2001 certain Zoran senior executives were granted unlawfully backdated stock options at the direct expense of Zoran shareholders and in violation of Generally Accepted Accounting Principles ("GAAP") and the Internal Revenue Code. Defendants grant of those backdated stock options, and their subsequent solicitation of proxies, consent and authorization from Zoran shareholders, violated the Exchange Act.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The Complaint charges that Zoran and certain of its directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"), and Rule 14a-9 promulgated thereunder. More specifically, the action alleges that between July 1998 and September 2001 certain Zoran senior executives were granted unlawfully backdated stock options at the direct expense of Zoran shareholders and in violation of Generally Accepted Accounting Principles ("GAAP") and the Internal Revenue Code. Defendants grant of those backdated stock options, and their subsequent solicitation of proxies, consent and authorization from Zoran shareholders, violated the Exchange Act.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
