Attached files
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EX-99.2 - EXHIBIT 99.2 - EMULEX CORP /DE/ | c05219exv99w2.htm |
EX-99.3 - EXHIBIT 99.3 - EMULEX CORP /DE/ | c05219exv99w3.htm |
8-K - FORM 8-K - EMULEX CORP /DE/ | c05219e8vk.htm |
Exhibit 99.1
Investor Contact: |
Press Contact: | |
Frank Yoshino |
Katherine Lane | |
Vice President, Finance |
Director, Corporate Communications | |
+1 714 885-3697 |
+1 714 885-3828 | |
frank.yoshino@emulex.com |
katherine.lane@emulex.com |
Shareholder Litigation Dismissal Hearing Scheduled
COSTA MESA, Calif., August 20, 2010 Emulex Corporation (NYSE:ELX) today announced that it has
entered into a Stipulation And Agreement Of Dismissal Of Certain Claims As Being Moot And Of All
Other Claims, And As To Award Of Attorneys Fees (the Stipulation), dated August 16, 2010. The
Stipulation provides for the dismissal of all claims asserted in a previously disclosed litigation
regarding Emulexs response to a subsequently withdrawn acquisition proposal by Broadcom
Corporation, entitled In Re Emulex Corporation Shareholders Litigation, 4536-VCS, pending in the
Court of Chancery of the State of Delaware. This stipulation supersedes the stipulation previously
filed by the parties on July 9, 2010. The dismissal of the action and plaintiffs application for
an award of attorneys fees are subject to approval of the Court. The Court has scheduled a hearing
for October 4, 2010, to be held at the Court of Chancery, 34 King Street, Wilmington, Delaware
19801, at 10 am, for the purpose of hearing and determining any objections to the proposed
dismissal of the lawsuit and the application of plaintiffs attorneys for an award of attorneys
fees and expenses. The Stipulation and a Notice document providing more information about the
dismissal and the procedure for objecting to the Stipulation is available in an 8-K being filed
concurrently, and can also be found on the companys website at www.emulex.com.
About Emulex
Emulex is the leader in converged networking solutions for the data center. Our Connectivity
Continuum architecture provides intelligent networking services that transition todays
infrastructure into tomorrows unified network ecosystem. Emulex provides a single framework that
intelligently connects every server, network and storage device within the data center. Through
strategic collaboration and integrated partner solutions, Emulex provides its customers with
industry leading business value, operational flexibility and strategic advantage. Emulex is listed
on the New York Stock Exchange (NYSE:ELX) and has corporate headquarters in Costa Mesa, California.
News releases and other information about Emulex Corporation are available at
http://www.emulex.com.
Shareholder Litigation Dismissal Hearing Scheduled | 2
Emulex Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the
exception of historical information, the statements set forth above include forward-looking
statements that involve risk and uncertainties. These forward-looking statements include, among
other things, statements regarding future events and proceedings. Emulex wishes to caution
readers that a number of significant factors could cause actual results to differ materially
from those in the forward-looking statements. These factors are discussed in Emulexs filings
with the Securities and Exchange Commission, including its recent filings on Forms 8-K, 10-K and
10-Q. Statements in this release are based on current expectations and Emulex undertakes no
obligation to revise or update any forward-looking statements for any reason. All trademarks,
trade names, service marks, and logos referenced herein belong to their respective companies.
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