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
Featured Video
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
Desktop Metal Shows AM Mettle
Jobs
Estimator / Bidder for Rulon International at Saint Augustine, FL
Upcoming Events
EMO Hannover 2017 at Hannover Germany - Sep 18 - 23, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy Advertise