Ruling Issued on Magma's Motion to Dismiss; Synopsys' Fraud Allegations "Fail to Meet the Pleading Requirements"

SANTA CLARA, Calif.—(BUSINESS WIRE)—May 18, 2005— Magma(R) Design Automation Inc. (Nasdaq: LAVA), a provider of semiconductor design software, announced today that the U.S. District Court granted in part Magma's motion to dismiss certain claims brought by Synopsys in the companies' patent litigation. Among the court's rulings are that Synopsys' fraud allegations "fail to meet the pleading requirements" of the federal rules. Magma may still show that the statutes of limitations have run out based on the actual evidence.

"We are pleased with today's ruling, given the high hurdle for motions to dismiss," said David Stanley, Magma special counsel. "The court decides motions to dismiss based only on allegations in the pleadings and not on evidence presented. We hope to prevail on these issues when the court hears all the evidence, as a filing for summary judgment will make available to us.

"It is important to realize that this is merely one salvo in an ongoing legal battle," Stanley added.

The court's order and other documents relevant to this matter are available on the Magma website at www.magma-da.com/PatentLitigation.html.

About Magma

Magma provides leading software for designing highly complex integrated circuits while maximizing Quality of Results with respect to area, timing and power, and at the same time reducing overall design cycles and costs. Magma provides a complete RTL-to-GDSII design flow that includes design planning, prototyping, synthesis, place & route, and signal and power integrity chip design capabilities in a single executable, offering "The Fastest Path from RTL to Silicon"(TM). Magma's software also includes products for advanced physical synthesis and architecture development tools for programmable logic devices (PLDs); capacitance extraction; and characterization and modeling. The company's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma and Blast Fusion are registered trademarks and Blast Create, Blast Plan, Blast Power, Blast Rail and "The Fastest Path from RTL to Silicon" are trademarks of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.

Forward-looking Statements:

Except for the historical information contained herein, the matters set forth in this press release, such as Magma's hope to prevail on in issues in court, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including risks inherent in litigation. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission ( www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.



Contact:
Magma Design Automation Inc.
Monica Marmie, 408-565-7689

Email Contact



Review Article Be the first to review this article
SI2

AMIQ: dvteclipse

Featured Video
Editorial
Peggy AycinenaIP Showcase
by Peggy Aycinena
Grant Pierce: Grand Challenges in IP
More Editorial  
Jobs
LVS PEX DESIGN ENGINEERS SILICON VALLEY for EDA Careers at San Jose, CA
LVS for PDK Design Engineer SILICON VALLEY for EDA Careers at San Jose, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Upcoming Events
EMC PCB Design Integration at 13727 460 Ct SE North Bend WA - Jun 6 - 9, 2017
DAC 2017 Conference at Austin TX - Jun 18 - 22, 2017
2017 FLEX Conference at Monterey Conference Center 1 Portola Plaza, Monterey CA - Jun 19 - 22, 2017
MPSoc Forum 2017 - July 2 - 7, 2017, Les Tresoms Hotel, Annecy, France at Les Tresoms Hotel Annecy France - Jul 2 - 7, 2017
NEC: CyberWorkbench
ClioSoft
DAC2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy