Conspiracy alleged over Rousset wafer fab closure
March 07, 2014 // Peter Clarke
A class action lawsuit has been filed in Federal Court in New York alleging that Atmel Corp. (San Jose, Calif.) conspired to sell its wafer fab in Rousset, France, fraudulently to LFoundry GmbH (Landshut, Germany) so that the plant could be closed and Atmel could avoid the cost of closing the fab, including making redundancy payments to workers
The wafer fab is LFoundry Rousset SAS, the French chip manufacturing site of LFoundry GmbH, which was declared bankrupt by the Commercial Court of Paris, with an immediate stop to activities on the site from Dec. 26, 2013 and the loss of 613 jobs (see LFoundry Rousset fab closes with loss of 600 jobs).
LFoundry, an analog and mixed-signal chipmaker, bought the Rousset site from Atmel Corp. in 2010 together with a lengthy order book and Atmel as the main customer. However, when Atmel's requirement turned down in June 2013 the Commercial Court in Paris placed Lfoundry into receivership with a six-month observation period to give time to develop a continuation plan for the business. However, no significant plan to save the fab or the jobs materialized.
According to the complaint – which was filed on March 4 in district court for the southern district of New York – the work force at the fab have been, or are about to be, laid off without the benefit of a collective redundancy plan as required by French law. In addition, LFoundry Rousset has suffered more than $186 million in damages as a result of the defendants' actions.
The plaintiffs, represented by Philippe Pradal of New York law firm Pradal Associates, are Jean Yves Guerrini and the class he seeks to represent, and LFoundry Rousset. Guerrini is one of about 750 workers who were employed at the time of the transfer of the Rousset wafer fab to LFoundry on June 23, 2010 or have been employed there since.
The defendants are Atmel Corp., Atmel Rousset SAS, which was the entity that owned the fab prior to the sale, and LFoundry GmbH, which bought the fab.
Guerrini is seeking class certification, damages and a declaration that the stock purchase agreement between the alleged conspirators is void.
Pradal told EE Times Europe that he expected the case would take some months to be heard initially and that it might take a year to come to trial.
Related links and articles:
Virtual reality: a real driver for GPUs, says ARM
October 06, 2015
AMD has just announced its collaboration with Oculus and Dell to equip Oculus Ready PCs with AMD Radeon GPUs. The beefed ...
Lossy Adesto preps IPO
u-blox and Cohda Wireless partner on V2X
Elon Musk targets high-volume solar panel dominance
Volvo shows user interface for self-driving cars
Volkswagen has given engineering a black eye
October 05, 2015
Bill Schweber ponders the mess Volkswagen has got themselves in and considers the risk you will not be able to trust the ...
MEMS platforms are way to go, says Bosch's Finkbeiner
Put FPGAs in your SoCs
Daimler tests self-driving truck on public highway
- Determine Balancing Current for the LTC3305 Lead-Acid Battery Balancer
- 3 Ways to Simplify Medical Device Testing
- Thread Networking Protocol Simplifies Connecting “Things” in the Home and Beyond
- High Voltage CMOS Amplifier Enables High Impedance Sensing with a Single IC
InterviewMEMS platforms are way to go, says Bosch's Finkbeiner
In the two years since we last interviewed Stefan Finkbeiner, CEO of Bosch Sensortec, the company has taken over from STMicroelectronics as the leading global supplier of MEMS components. Here he explains ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, LabNation is giving away three of its SmartScope open source USB oscilloscopes, worth 229 Euros each, for EETimes Europe's readers to win.
Successfully funded through Kickstarter last year, the SmartScope is claimed to be the world's first test equipment designed to run on multiple operating systems and platforms such as smartphones, tablets and PCs. It is powered directly from... MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.