NEW YORK, Aug. 22, 2006 (PRIMEZONE) -- Notice is hereby given that a class action has been commenced in the United States District Court for the Northern District of California on behalf of a class (the "Class") of all persons who purchased or acquired publicly traded securities of KLA-Tencor Corporation ("KLA-Tencor" or the "Company") (Nasdaq:KLAC) between February 13, 2003 and May 22, 2006 inclusive (the "Class Period").
For further information you may call toll free, 1-888-884-4490 or contact counsel by e-mail by writing to classattorney@pipeline.com.
Until a class is certified you are not represented by counsel.
The Complaint charges KLA-Tencor and its top executive officers and directors violated the federal securities laws by failing to account properly for stock options made to KLA-Tencor employees. The complaint charges that KLA-Tencor improperly expensed stock options, thereby falsely inflating the Company's reported financial performance during the Class Period.
If you purchased KLA-Tencor stock during the Class Period, you may qualify to serve as Lead Plaintiff on behalf of the Class, which consists of all persons and entities who purchased KLA-Tencor stock from February 13, 2003 and May 22, 2006 . You are not required to have sold your KLA-Tencor securities in order to claim damages, or to serve in this role. All motions for appointment as Lead Plaintiff must be filed with the Court no later than August 28, 2006.
If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, please contact Roy Jacobs. Mr. Jacobs will personally speak with you at no cost or obligation.
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca