VITESSE SEMICONDUCTOR: New York State & SEC Probes Still Ongoing

Vitesse Semiconductor Corp. disclosed in its latest Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission that it is cooperating with investigations commenced by office of the U.S. Attorney for the Southern District of New York…

VITESSE SEMICONDUCTOR: Still Pursues $100Mil Action v. KPMG, LLP

Vitesse Semiconductor’s lawsuit against its former auditing firm KPMG, LLP is still ongoing, according to the Company’s annual report filed with the Securities and Exchange Commission on Sept. 30, 2008.

On June 13, 2007, the Company filed a lawsuit in the…

VITESSE SEMICONDUCTOR: Derivative Lawsuits Settled on August 11

Vitesse Semiconductor Corporation says that, on Aug. 11, 2008, the U.S. District Court for the Central District of California granted final approval of the settlements in the Federal and State Derivative Actions.

Beginning in April 2006, nine shareholder derivative actions…

VITESSE SEMICONDUCTOR: Dupuy’s Case Settled on April 4 in Calif.

Vitesse Semiconductor Corporation states that, on April 4, 2008, a lawsuit filed by Jamison John Dupuy (an individual shareholder of the Company) against the Company was settled on April 4, 2008.

On April 10, 2007, Mr. Dupuy filed the complaint (Case…

VITESSE SEMICONDUCTOR: New York State & SEC Probes Still Ongoing

Vitesse Semiconductor Corporation continues to cooperate with investigations instituted by office of the U.S. Attorney for the Southern District of New York and U.S. Securities and Exchange Commission’s Division of Enforcement.

In May 2006, the Company received a grand jury subpoena…