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Friday, June 18, 2004

Oregon Back in Business

Merix Corp. was named as a defendant in a securities class action lawsuit filed yesterday in the U.S. District Court for the District of Oregon. According to the SCAS database, the case is just the ninth securities class action filed in that court since the passage of the PSLRA and, following the tentative settlement recently announced in the Electro Scientific case, is the only active securities class action on that court's docket.

The nine securities class actions filed in the District of Oregon since the passage of the PSLRA are:

· Assisted Living Concepts Inc. (Settled--total of $43.5 million)
· Capital Consultants, LLC (Settled 6/19/02--$100 million)
· Computerized Thermal Imaging, Inc. (Dismissed 4/17/03)
· Electro Scientific Industries, Inc. (Tentative Settlement 4/22/04--$9.25 million)
· FLIR Systems Inc. (Settled; Disbursed 3/27/02--$6 million)
· Merix Corp. (Active)
· Microfield Graphics Inc. (Settled; Disbursed 3/27/02)
· Nike, Inc. (Settled 2/24/03--$8.9 million)
· Southern Pacific Funding Corp. (Settled; Disbursed 1/10/02--$19.5 million)

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