BR&B Clients Appointed Lead Plaintiffs in Omnivision Litigation

2/21/2012 - The Honorable Ronald M. Whyte has appointed an institutional investor group including BR&B clients as lead plaintiff and has appointed BR&B as co-lead counsel in In re Omnivision Technologies, Inc. Litigation, Civil Action No. 5:11-cv-05235-RMW, pending in the United States District Court for the Northern District of California. Click here for a copy of Judge Whyte’s February 21, 2012, order. The case arises out of alleged false and misleading statements made by Omnivision and Omnivision officers Shaw Hong, Anson Chan and Aurelio Cisneros regarding Omnivision’s development and production of image sensors used in Apple iPhones. Following revelations that Omnivision imaging sensors were not used in the newly released iPhone 4S, Omnivision stock fell from a class period high of $36.42 to $15.95 per share on October 14, 2011.

If you have any questions about the case, please email BR&B partners Stephen R. Basser or Samuel M. Ward or contact them by telephone at (619) 230-0800.