Texas Instruments defends claims of breach of fiduciary duties in connection with $6.5 billion acquisition of National Semiconductor

Client(s) Texas Instruments Incorporated

Jones Day represented Texas Instruments Incorporated in defense of claims that it had aided and abetted breaches of fiduciary duties by the directors of National Semiconductor Corporation in connection with Texas Instruments' $6.5 billion acquisition of National. Shortly after motions to dismiss in state and federal courts were filed, the plaintiffs voluntarily dismissed their complaints with prejudice, with no payment of any kind by any of the defendants.

Smarz v. National Semiconductor Corp., Case No. 1:11-CV-198218 (Super. Ct. Santa Clara Cty., Cal.); Cherniak v. National Semiconductor Corp., Case No. 1:11-CV-198411 (Super. Ct. Santa Clara Cty., Cal.); Stein v. National Semiconductor Corp., Case No. 11-CV-01825-PSG (N.D. Cal.)