SGI Announces Dismissal of Class Action Lawsuit by the United States District Court

FREMONT, Calif. — (BUSINESS WIRE) — August 30, 2010SGI (NASDAQ: SGI), a global leader in HPC and data center solutions, today announced that on Friday, August 27th, the United States District Court for the Northern District of California dismissed with prejudice the class action lawsuit [In Re Rackable Systems, Inc. Securities Litigation], Case No. C-09-0222-CW, filed on January 16, 2009.

Based on the ruling of United States District Judge Claudia Wilken, the dismissal was issued because further amendment or actions by the plaintiffs would have been futile. SGI is pleased that the Court supported the Company’s position and that this milestone was favorably achieved.

About SGI

SGI is a global leader in large-scale clustered computing, high performance storage, HPC and data center enablement and services. SGI is focused on helping customers solve their most demanding business and technology challenges. Visit www.sgi.com for more information.

©2010 SGI. SGI is a registered trademark of Silicon Graphics International Corp. or its subsidiaries in the United States and/or other countries. All other trademarks are property of their respective holders.



Contact:

Schwartz Communications, Inc.
Merrill Freund, 415-512-0770
Email Contact




Review Article Be the first to review this article
Rand3D

SolidCAM: Cutting Webinar

Jobs
Architectural Designer for Champion Home Builders at Troy, MI
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Upcoming Events
ATE SOLIDWORKS Innovation Day 2017 at LIFELONG LEARNING INSTITUTE LEVEL 2 @ 11 EUNOS ROAD 8 SINGAPORE Singapore - Oct 5, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise