National Semiconductor Corp

National Semiconductor Corporation’s federal tax returns for fiscal years 2005 through 2007 remain subject to possible examination by the Internal Revenue Service.

The Company is not currently undergoing any federal tax audits.

Several U.S. state taxing jurisdictions are examining the Company’s state…

National Semiconductor Corporation says that a plaintiff’s appeal for a rehearing en banc, over an Oct. 1, 2008 ruling in the Company’s favor, was denied, according to the Company’s quarterly report for the period ended Nov. 23, 2008.

In November 2000,…

The Third Circuit Court of Appeals, on Oct. 1, 2008, upheld the U.S. District Court in Delaware’s decision dismissing Mark Levy’s derivative action against National Semiconductor Corp., Fairchild Semiconductor International Inc. and Sterling Holding Company LLC.

Mr. Levy is a Fairchild…