Company, Officers Misrepresented Terms Of Acquisition, Investor Claims

(February 11, 2016, 4:05 PM EST) -- LOS ANGELES — A technology company and certain of its senior officers misrepresented details surrounding the acquisition of a Japanese facility in violation of federal securities laws, a shareholder alleges in a securities class action complaint filed Jan. 22 in California federal court (Brandon Walker v. Tower Semiconductor Ltd., et al., No. 16-487, C.D. Calif.)....

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