SGI Announces Dismissal of Shareholder Derivative Action Lawsuit

FREMONT, Calif., March 7, 2011 /PRNewswire/ -- SGI (Nasdaq: SGI), a trusted leader in technical computing, today announced that on Tuesday, February 15th, the Superior Court of the State of California for Alameda County dismissed with prejudice the shareholder derivative action lawsuit captioned Milo v. Barton, et al, Case No. R30944-0474, filed on March 10, 2009.  Plaintiffs stipulated to a voluntary dismissal of the case.  SGI is pleased that this milestone was favorably achieved.  

About SGI

SGI, a trusted leader in technical computing is focused on helping customers solve their most demanding business and technology challenges. Visit www.sgi.com for more information.

©2011 SGI. SGI and its product names are trademarks or registered trademarks of Silicon Graphics International Corp. All other trademarks are property of their respective holders.

SOURCE SGI

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED