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Micron Settlement

Micron Settlement

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Published by Allen Yesilevich

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Published by: Allen Yesilevich on Nov 23, 2010
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EXHIBIT
A-i
Case 1:06-cv-00085-WFD Document 166-1 Filed 11/05/10 Page 1 of 20
 
Philip Gordon ISBN 1996Bruce S. Bistline ISBN 1988GORDON LAW OFFICES623 West Hays Street
Boise, ID 83702
Telephone: 208/345-7100
208/345-0050 (fax)
Liaison CounselUNITED STATES DISTRICT COURTDISTRICT OF IDAHOIn re MICRON TECHNOLOGY, INC.
aster File No. 1 :06-cv-00085-S-WFD
SECURITIES LITIGATION
CLASS ACTION
This Document Relates To:
OTICE OF PENDENCY AND PROPOSEDSETTLEMENT OF CLASS ACTION
ALL ACTIONS.
EXHIBIT A-i
527469_2
Case 1:06-cv-00085-WFD Document 166-1 Filed 11/05/10 Page 2 of 20
 
IF YOU PURCHASED MICRON TECHNOLOGY, INC. (’MICRON") PUBLICL V-TRADED
SECURITIES ON THE OPENM4RKETBETWEENFEBRUARY24, 2001 AND SEPTEMBER
18, 2002, INCLUSIVE, YOU COULD GET A PAYMENT FROM A CLASS ACTION
SETTLEMENT.
A federal court authorized this Notice. This is not a solicitation from a lawyer.
Securities and Time Period:
Micron Technology, Inc. common stock (CUSIP: 595112103)
and call options or put options purchased between February 24, 2001 and September 18, 2002,
inclusive ("Class Period")
Settlement Fund:
$42,000,000 in cash. Your recovery will depend on the number of shares
purchased and the timing of your purchases and any sales. Depending on the number of eligible
shares that participate in the settlement and when those shares were purchased and sold, the
estimated average recovery per share of common stock will be approximately $0.13 before
deduction of Court-approved fees and expenses. The recovery of options cannot be accurately
estimated.
Reasons for Settlement:
Avoids the costs and risks associated with continued litigation,
including the danger of no recovery.
If the Case Had Not Settled:
Continuing with the case could have resulted in dismissal orloss at trial. The two sides do not agree on the amount of money, if any, that could have been won ifLead Plaintiffs prevailed at trial. The parties disagree about (1) the method for determining whether
Micron securities were artificially inflated during the relevant period; (2) the amount of any such
inflation; (3) whether and the extent to which various facts alleged by Lead Plaintiffs were materially
false or misleading; (4) the extent to which various facts alleged by Lead Plaintiffs influenced the
trading prices of Micron securities during the relevant period; and
(5)
whether the facts alleged were
material, false, misleading or otherwise actionable under the securities laws.
NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTION - Page 1
527469_2
Case 1:06-cv-00085-WFD Document 166-1 Filed 11/05/10 Page 3 of 20

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