PrintEmailAdd to Personalized Information Packet

Media Center

Please use the form below to search for any relevant publications pertaining to your specific needs.  If you would like to be added to Kramer Levin's publications distribution list, please click onto the Publications Sign Up in the right side bar.

Kramer Levin Wins Dismissal of Shareholder Lawsuit Before California Court of Appeal

February 19, 2013

A February 19, 2013 decision of the California Court of Appeal may have finally ended more than ten years of pre-discovery litigation for Kramer Levin’s client, Vishay Intertechnology, a manufacturer of electronics components, whose stock is traded on the NYSE.   The Court of Appeal for the Sixth Appellate District in Proctor v. Vishay Intertechnology, Inc., affirmed the dismissal of a shareholders’ class action complaint challenging Vishay’s tender offer for and merger with  Siliconix, Inc., a manufacturer of semiconductor products.   The Court held that the complaint was conclusively barred by the collateral estoppel effect of a decision by Delaware Chancellor Leo Strine issued in connection with a rarely-granted anti-suit injunction permanently enjoining the class action litigation.    

Vishay was represented by Kramer Levin attorneys Alan R. Friedman, Jonathan M. Wagner, and Adina C. Levine.

Related Attorneys
Related Practices
  • Jody E. Maier
  • Kramer Levin
  • 212.715.7612