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Tech Industry

Short Take: Avant CEO, others indicted

A Santa Clara County grand jury has returned an indictment charging Avant Corporation CEO Gerry Hsu and seven others with alleged trade-secret theft and securities fraud. The indictments mirror criminal charges filed against Hsu and six others in April 1997. The indictment is based on the same allegations made by Cadence three years ago and the Santa Clara County District Attorney 18 months ago.

A Santa Clara County grand jury has returned an indictment charging Avant Corporation CEO Gerry Hsu and seven others with alleged trade-secret theft and securities fraud. The indictments mirror criminal charges filed against Hsu and six others in April 1997. The indictment is based on the same allegations made by Cadence three years ago and the Santa Clara County District Attorney 18 months ago.