Panel Vacates Denial Of Motion To Amend Complaint Related To Defective Chips

Panel Vacates Denial Of Motion To Amend Complaint Related To Defective Chips

NEW YORK - The Second Circuit U.S. Court of Appeals on May 25 vacated a district court's denial of a plaintiff's motion to amend its complaint in a suit alleging that a company was required to disclose, and failed to disclose, known defects in its semiconductor chips, ruling that the proposed complaint plausibly alleged that the defects constituted a known trend or uncertainty that the company reasonably expected would have a material unfavorable impact on revenues (Panther Partners Inc. v. Ikanos Communications Inc., et al., No. 11-63, 2nd Cir.; 2012 U.S. App. LEXIS 10726).

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