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30.11.2015 14:05
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PR Newswire
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ISSI Wins Jury Verdict in Litigation Brought by GSI Technology
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PR Newswire
MILPITAS, Calif., Nov. 30, 2015
MILPITAS, Calif., Nov. 30, 2015 /PRNewswire/ -- Integrated Silicon Solution, Inc. (Nasdaq: ISSI) announced today that a jury found in favor of ISSI as to all causes of action alleged against the company by GSI Technology, Inc. (Nasdaq: GSIT). GSI had filed suit against ISSI in the United States District Court for the Northern District of California in October 2013. Following a four-week trial in San Jose, California, the jury rejected GSI's claims against ISSI, including trade secret misappropriation and unfair competition. Other GSI claims, including antitrust allegations, were dismissed in pre-trial rulings.
"We invested a lot of time and effort to defend this case. However, after more than two years plus a several week jury trial, we are very pleased with this favorable verdict," commented ISSI's President and Chief Executive Officer, Scott Howarth.
ISSI was represented in this litigation by Wilson Sonsini Goodrich & Rosati, P.C.
The verdict remains subject to potential post-trial motions and/or a potential appeal by GSI.
About ISSI
ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) automotive, (ii) communications, (iii) industrial, and (iv) digital consumer. ISSI's primary products are high speed and low power SRAM and low, and medium and high density DRAM. ISSI also designs and markets NOR flash products and high performance analog and mixed signal integrated circuits. ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, Japan, Singapore, China, Europe, Hong Kong, India, and Korea. Visit ISSI's web site at www.issi.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/issi-wins-jury-verdict-in-litigation-brought-by-gsi-technology-300185101.html
SOURCE Integrated Silicon Solution, Inc.
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