Short Take: Investors sue Alliance Semiconductor

Shareholders filed a class-action lawsuit against Alliance Semiconductor, alleging that officers misrepresented the company's financial health for the purpose of artificially inflating the stock price for personal gain. The suit covers those who invested in the company between June 11 and December 29, 1995.

Paul Festa Staff Writer, CNET News.com

Paul Festa

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Paul Festa

June 16, 1997 6:00 p.m. PT

Shareholders filed a class-action lawsuit against , alleging that officers misrepresented the company's financial health for the purpose of artificially inflating the stock price for personal gain. The suit covers those who invested in the company between June 11 and December 29, 1995.