The Pomerantz Firm Appointed Lead Counsel in Securities Class Action Lawsuit against Silicon Storage Technology, Inc. -- SSTI
The Pomerantz Firm Appointed Lead Counsel in Securities Class Action Lawsuit against Silicon Storage Technology, Inc. -- SSTI: "NEW YORK, May 5, 2005 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) has been appointed Lead Counsel in the federal class action lawsuit against Silicon Storage Technology, Inc. ('Silicon Storage' or the 'Company') (Nasdaq:SSTI) and three of the company's officers in United States District Court, Northern District of California. The Louisiana State Employees' Retirement System and the State of Louisiana District Attorney's Retirement System are Lead Plaintiffs. The case has been brought under the Securities Exchange Act of 1934 on behalf of purchasers of Silicon Storage securities between March 22, 2004 and December 20, 2004, inclusive (the 'Class Period').Silicon Storage produces flash memory semiconductor devices, including so-called Nor flash memory devices, used in personal computers, digital cameras and other consumer products. Revenue from sales of such devices has contributed about 50% of the Company's reported revenue." (Full article at link)
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