Pixelplus Management Cleared in Court

Yahoo: Pixelplus announced that, on March 19, 2009, the US District Court for the Southern District of New York granted final approval of the settlement of the previously-disclosed consolidated shareholder class action lawsuit commenced against the Company and certain of its current and former officers and directors in April 2006. All claims against the Company and its current and former officers and directors have been dismissed with prejudice and without any admission of liability or wrongdoing.