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Several class actions have been filed against semiconductor manufacturer Silicon Image, Inc. (Nasdaq:SIMGE) and certain of its officers and directors by stockholders who purchased the company's common stock between April 15, 2002, and November 15, 2003. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities.

Litigation is ongoing in several consolidated class actions filed against scrap iron company Philip Services Corporation (Pink Sheets:PPSVF.PK), certain of its officers and directors, and affiliated accounting firms by stockholders who purchased the company's common stock between February 28, 1996, and May 7, 1998. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities.

Several class actions have been filed against defense contractor Titan Corporation (NYSE:TTN) and certain of its officers and directors by stockholders who purchased the company's common stock between July 24, 2003, and March 22, 2004. The actions claim that the defendants violated federal securities laws by allowing foreign consultants to make improper payments to foreign governments in violation of the federal Foreign Corrupt Practices Act, so that Titan stock prices fell precipitously when news of the scandal broke.

A class action has been filed against Sharper Image Corporation (NasdaqNM:SHRP), certain of its officers and directors by stockholders who purchased the company's common stock between February 05, 2004 and August 04, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.

The parties have reached a $140 million settlement in an SEC administrative proceeding filed against mutual fund company Strong Capital Management Company and its owner, Richard Strong, on behalf of persons who own or owned mutual fund shares managed by the company. The settlement resolves security fraud charges involving improperly timed trading of mutual funds. Persons sold will take part in the settlement should contact the attorneys who prosecuted the case for more information.

A class action lawsuit has been filed in the US District Court for the Middle District of North Carolina against Parkdale America, LLC. The case involves antitrust litigation. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available.

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