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.).

(Complaint available. Document #57-160216-504C.)

Shareholder Brandon Walker filed a securities class action in the U.S. District Court for the Central District of California on behalf of all purchasers of Tower Semiconductor...
To view the full article, register now.