Standard Microsystems Corp is to take a $2m charge in its second quarter ending August 31, as the result of the settlement of a class action suit brought against the company in 1995. The company continues to deny allegations that its stock was artificially inflated by false statements.
Standard Microsystems Corp is to take a $2m charge in its second quarter ending August 31, as the result of the settlement of a class action suit brought against the company in 1995. The company continues to deny allegations that its stock was artificially inflated by false statements.
