Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04681/USCOURTS-cand-4_04-cv-04681-1/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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PRELIMINARY ORDER FOR NOTICE & HEARING IN CONNECTION WITH SETTLEMENT PROCEEDINGS

CASE NO.: 04-CV-04681 (SBA)

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MILBERG WEISS BERSHAD

& SCHULMAN LLP

JEFF S. WESTERMAN (SBN 94559)

ELIZABETH P. LIN (SBN 174663)

355 S. Grand Avenue, Suite 4170

Los Angeles, CA 90071-3172

Telephone: (213) 617-1200

Facsimile: (213) 617-1975

Lead Counsel for the Class

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

In re TRIPATH TECHNOLOGY INC., 

SECURITIES LITIGATION

This Document Relates To:

ALL ACTIONS

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Master File No. C 04 4681 SBA

CLASS ACTION

PRELIMINARY ORDER FOR NOTICE 

AND HEARING IN CONNECTION WITH 

SETTLEMENT PROCEEDINGS

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 1 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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WHEREAS, on July 12, 2005, the parties to the above-entitled action (the “Action”) entered 

into a Stipulation and Agreement of Settlement (the “Stipulation”) which is subject to review under 

Rule 23 of the Federal Rules of Civil Procedure and which, together with the exhibits thereto, sets 

forth the terms and conditions for the proposed settlement of the claims alleged in the Complaint on 

the merits and with prejudice; and the Court having read and considered the Stipulation and the 

accompanying documents; and the parties to the Stipulation having consented to the entry of this 

Order; and all capitalized terms used herein having the meanings defined in the Stipulation;

NOW, THEREFORE, IT IS HEREBY ORDERED that:

1. Pursuant to Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, and for the 

purposes of the Settlement only, this Action is hereby certified as a class action on behalf of all 

persons who purchased the securities of Tripath Technology Inc. between January 29, 2004 and 

June 13, 2005, inclusive, and who were damaged thereby. Excluded from the Class are the 

Defendants, the officers and/or directors of Tripath, at all relevant times, members of their 

immediate families (parents, spouses, siblings, and children), and their legal representatives, heirs, 

successors or assigns, and any entity in which the Defendants have or had a controlling interest.

2. The Court finds, for the purposes of the Settlement only, that the prerequisites for a 

class action under Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure have been satisfied 

in that: (a) the number of Class Members is so numerous that joinder of all members thereof is 

impracticable; (b) there are questions of law and fact common to the Class; (c) the claims of the 

named representatives are typical of the claims of the Class they seek to represent; (d) the Lead 

Plaintiff will fairly and adequately represent the interests of the Class; (e) the questions of law and 

fact common to the members of the Class predominate over any questions affecting only individual 

members of the Class; and (f) a class action is superior to other available methods for the fair and 

efficient adjudication of the controversy.

3. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, and for the purposes of 

the Settlement only, Lead Plaintiff Robert Poteet is certified as Class Representative.

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 2 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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4. A hearing (the “Settlement Fairness Hearing”) pursuant to Rule 23(e) of the Federal 

Rules of Civil Procedure is hereby scheduled to be held before the Court on January 24, 2006, at 

1:00 p.m. for the following purposes:

(a) to finally determine whether this Action satisfies the applicable prerequisites 

for class action treatment under Rules 23(a) and (b) of the Federal Rules of Civil Procedure;

(b) to determine whether the proposed Settlement is fair, reasonable, and 

adequate, and should be approved by the Court;

(c) to determine whether the Order and Final Judgment as provided under the 

Stipulation should be entered, dismissing the Complaint filed herein, on the merits and with 

prejudice, and to determine whether the release by the Class of the Settled Claims, as set forth in the 

Stipulation, should be provided to the Released Parties;

(d) to determine whether the proposed Plan of Allocation for the proceeds of the 

Settlement is fair and reasonable, and should be approved by the Court;

(e) to consider Plaintiffs’ Counsel’s application for an award of attorneys’ fees 

and expenses; and

(f) to rule upon such other matters as the Court may deem appropriate.

5. The Court recognizes and acknowledges that one consequence of a determination of 

fairness at the Settlement Fairness Hearing is that, pursuant to Section 3(a)(10) of the Securities Act 

of 1933, 15 U.S.C. §77c(a)(10), the Settlement Shares may be distributed to Class Members without 

registration and compliance with the prospectus delivery requirements of the securities laws.

6. The Court reserves the right to approve the Settlement with or without modification 

and with or without further notice of any kind. The Court further reserves the right to enter its Order 

and Final Judgment approving the Stipulation and dismissing the Complaint on the merits and with 

prejudice regardless of whether it has approved the Plan of Allocation or awarded attorneys’ fees and 

expenses.

7. The Court approves the form, substance and requirements of the Notice of Pendency 

of Class Action and Proposed Settlement, Motion for Attorneys’ Fees and Settlement Fairness 

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 3 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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Hearing (the “Notice”) and the Proof of Claim form, annexed hereto as Exhibits 1 and 2 

respectively.

8. The Court approves the appointment of Gilardi & Co. LLC as the Claims

Administrator. The Claims Administrator shall cause the Notice and the Proof of Claim, 

substantially in the forms annexed hereto, to be mailed, by first class mail, postage prepaid, on or 

before November 4, 2005 to all Class Members who can be identified with reasonable effort. The 

Defendants shall cause Tripath’s transfer records and shareholder information to be made available 

to the Claims Administrator for the purpose of identifying and giving notice to the Class. The 

Claims Administrator shall use reasonable efforts to give notice to nominee owners such as 

brokerage firms and other persons or entities who purchased Tripath securities during the Class 

Period as record owners but not as beneficial owners. Such nominee purchasers are directed, within 

seven (7) days of their receipt of the Notice, to either forward copies of the Notice and Proof of 

Claim to their beneficial owners, or to provide the Claims Administrator with lists of the names and 

addresses of the beneficial owners, and the Claims Administrator is ordered to send the Notice and 

Proof of Claim promptly to such identified beneficial owners. Nominee purchasers who elect to 

send the Notice and Proof of Claim to their beneficial owners shall send a statement to the Claims 

Administrator confirming that the mailing was made as directed. Additional copies of the Notice 

shall be made available to any record holder requesting such for the purpose of distribution to 

beneficial owners, and such record holders shall be reimbursed from the Gross Settlement Fund, 

upon receipt by the Claims Administrator of proper documentation, for the reasonable expense of 

sending the Notices and Proofs of Claim to beneficial owners. Lead Counsel shall, at or before the 

Settlement Fairness Hearing, file with the Court proof of mailing of the Notice and Proof of Claim.

9. The Court approves the form of Publication Notice of the pendency of this class 

action and the proposed settlement in substantially the form and content annexed hereto as Exhibit 3 

and directs that Plaintiffs’ Lead Counsel shall cause the Publication Notice to be published in the 

national edition of Investor’s Business Daily within ten days of the mailing of the Notice. Plaintiffs’ 

Lead Counsel shall, at or before the Settlement Fairness Hearing, file with the Court proof of 

publication of the Published Notice.

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 4 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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10. The form and content of the Notice, and the method set forth herein of notifying the 

Class of the Settlement and its terms and conditions, meet the requirements of Rule 23 of the Federal 

Rules of Civil Procedure, Section 21D(a)(7) of the Securities Exchange Act of 1934, 15 U.S.C. 

§78u-4(a)(7) as amended by the Private Securities Litigation Reform Act of 1995, and due process, 

constitute the best notice practicable under the circumstances, and shall constitute due and sufficient 

notice to all persons and entities entitled thereto.

11. In order to be entitled to participate in the Net Settlement Fund, in the event the 

Settlement is effected in accordance with the terms and conditions set forth in the Stipulation, each 

Class Member shall take the following actions and be subject to the following conditions:

(a) A properly executed Proof of Claim (the “Proof of Claim”), substantially in 

the form attached hereto as Exhibit 2, must be submitted to the Claims Administrator, at the Post 

Office Box indicated in the Notice, postmarked not later than February 23, 2006. Such deadline may 

be further extended by Court Order. Each Proof of Cla im shall be deemed to have been submitted 

when postmarked (if properly addressed and mailed by first class mail, postage prepaid) provided 

such Proof of Claim is actually received prior to the motion for an order of the Court approving 

distribution of the Net Settlement Fund. Any Proof of Claim submitted in any other manner shall be 

deemed to have been submitted when it was actually received at the address designated in the 

Notice.

(b) The Proof of Claim submitted by each Class Member must satisfy the 

following conditions: (i) it must be properly completed, signed and submitted in a timely manner in 

accordance with the provisions of the preceding subparagraph; (ii) it must be accompanied by 

adequate supporting documentation for the transactions reported therein, in the form of broker 

confirmation slips, broker account statements, an authorized statement from the broker containing 

the transactional information found in a broker confirmation slip, or such other documentation as is 

deemed adequate by Plaintiffs’ Lead Counsel; (iii) if the person executing the Proof of Claim is 

acting in a representative capacity, a certification of his current authority to act on behalf of the Class 

Member must be included in the Proof of Claim; and (iv) the Proof of Claim must be complete and 

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 5 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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contain no material deletions or modifications of any of the printed matter contained therein and 

must be signed under penalty of perjury.

(c) As part of the Proof of Claim, each Class Member shall submit to the 

jurisdiction of the Court with respect to the claim submitted, and shall (subject to effectuation of the 

Settlement) release all Settled Claims as provided in the Stipulation.

12. Class Members shall be bound by all determinations and judgments in this Action, 

whether favorable or unfavorable, unless such persons request exclusion from the Class in a timely 

and proper manner, as hereinafter provided. A Class Member wishing to make such request shall 

mail the request in written form by first class mail postmarked no later than December 19, 2005 to 

the address designated in the Notice. Such request for exclusion shall clearly indicate the name, 

address and telephone number of the person seeking exclusion, that the sender requests to be 

excluded from the Class in the Tripath Securities Litigation, and must be signed by such person. 

Such persons requesting exclusion are also directed to state: the date(s), price(s), and number(s) of 

shares of all purchases and sales of Tripath securities during the Class Period. The request for 

exclusion shall not be effective unless it provides the required information and is made within the 

time stated above, or the exclusion is otherwise accepted by the Court.

13. Class Members requesting exclusion from the Class shall not be entitled to receive 

any payment out of the Net Settlement Fund as described in the Stipulation and Notice.

14. The Court will consider comments and/or objections to the Settlement, the Plan of 

Allocation, or the award of attorneys’ fees and reimbursement of expenses only if such comments or 

objections and any supporting papers are filed in writing with the Clerk of the Court, United States 

District Court, Northern District of California, 1301 Clay Street, Oakland, CA 94612-5212, and 

copies of all such papers are served, on or before December 19, 2005, upon each of the following: 

Jeff S. Westerman, Esq., Milberg Weiss Bershad & Schulman LLP, 355 South Grand Ave., Suite 

4170, Los Angeles, CA 90071, on behalf of the Lead Plaintiff and the Class; and Sarah A. Good, 

Esq., Howard Rice Nemerovski Canady Falk & Rabkin, A Professional Corporation, Three 

Embarcadero Center, 7th Floor, San Francisco, CA 94111-4024, and Susan S. Muck, Esq., Fenwick 

& West LLP, Embarcadero Center West, 275 Battery Street, Suite 1600, San Francisco, CA 94111, 

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 6 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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on behalf of the Defendants. Attendance at the hearing is not necessary; however, persons wishing 

to be heard orally in opposition to the approval of the Settlement, the Plan of Allocation, and/or the 

request for attorneys’ fees are required to indicate in their written objection their intention to appear 

at the hearing. Persons who intend to object to the Settlement, the Plan of Allocation, and/or 

counsel’s application for an award of attorneys’ fees and expenses and desire to present evidence at 

the Settlement Fairness Hearing must include in their written objections the identity of any witnesses 

they may call to testify and exhibits they intend to introduce into evidence at the Settlement Fairness 

Hearing. Class Members do not need to appear at the hearing or take any other action to indicate 

their approval.

15. Pending final determination of whether the Settlement should be approved, the Lead 

Plaintiff, all Class Members, and each of them, and anyone who acts or purports to act on their 

behalf, shall not institute, commence or prosecute any action which asserts Settled Claims against 

any Released Party.

16. As provided in the Stipulation, Plaintiffs’ Lead Counsel may pay the Claims 

Administrator the reasonable fees and costs associated with giving notice to the Class and the review 

of claims and administration of the Settlement out of the Gross Settlement Fund without further 

order of the Court.

17. If: (a) the Settlement is terminated by Defendants pursuant to ¶ 22 of the Stipulation; 

or (b) any specified condition to the Settlement set forth in the Stipulation is not satisfied and 

Plaintiffs’ Lead Counsel or Counsel for the Defendants elects to terminate the Settlement as 

provided in ¶ 24 of the Stipulation, then, in any such event, the Stipulation, including any 

amendment(s) thereof, and this Preliminary Order certifying the Class and the Class Representatives 

for purposes of the Settlement shall be null and void, of no further force or effect, and without 

prejudice to any party, and may not be introduced as evidence or referred to in any actions or 

proceedings by any person or entity, and each party shall be restored to his, her or its respective 

position as it existed prior to the execution of the Stipulation.

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Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 7 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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18. The Court retains exclusive jurisdiction over the Action to consider all further matters 

arising out of or connected with the Settlement.

Dated: October 19, 2005

The Honorable Saundra B. Armstrong

United States District Court Judge

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 8 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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EXHIBIT 1

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 9 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

In re TRIPATH TECHNOLOGY INC., 

SECURITIES LITIGATION

This Document Relates To:

ALL ACTIONS

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Case No. C 04 4681 SBA

NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES AND SETTLEMENT FAIRNESS HEARING

If you purchased the securities of Tripath Technology Inc. (“Tripath”) between January 

29, 2004 and June 13, 2005, inclusive, and was damaged thereby, then you could get a 

payment from a class action settlement.

A federal court authorized this notice. This is not a solicitation from a lawyer.

• The settlement will provide 2.45 million shares of Tripath common stock and $200,000

in cash for the benefit of investors who purchased the securities of Tripath between 

January 29, 2004 and June 13, 2005, inclusive (the “Class Period”), and who were 

damaged thereby.

• The settlement resolves a lawsuit over whether Tripath and certain of its officers and 

directors misled investors about Tripath’s financial results and future earnings.

• Your legal rights are affected whether you act or do not act. Read this notice carefully.

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 10 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT:

SUBMIT A CLAIM FORM The only way to get a payment.

EXCLUDE YOURSELF Get no payment. This is the only option that allows you to ever 

be part of any other lawsuit against the Defendants and the other 

Released Parties about the Settled Claims.

OBJECT Write to the Court about why you do not like the settlement.

GO TO A HEARING Ask to speak in Court about the settlement.

DO NOTHING Get no payment. Give up rights.

• These rights and options - and the deadlines to exercise them- are explained in this 

notice.

• The Court in charge of this case still has to decide whether to approve the settlement. 

Payments will be made if the Court approves the settlement and after appeals are 

resolved. Please be patient.

SUMMARY NOTICE

Statement of Plaintiff Recovery

Pursuant to the settlement described herein, a Settlement Fund consisting of $200,000 in cash, 

plus interest, and 2,450,000 shares of Tripath common stock has been established. Plaintiffs 

estimate that there were approximately 58.5 million shares of Tripath common stock traded 

during the Class Period which may have been damaged. Plaintiffs estimate that the cash portion 

of the settlement proceeds will be consumed in notice and administration costs or other litigation 

expenses. Plaintiffs estimate that the average recovery per damaged share of Tripath common 

stock under the settlement is 4.19 new Tripath Settlement Shares per 100 damaged shares

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deduction of Court-awarded attorneys’ fees and expenses. A Class Member’s actual recovery 

will be a proportion of the Net Settlement Fund determined by that claimant’s Recognized Claim 

as compared to the total Recognized Claims of all Class Members who submit acceptable Proofs 

of Claim. Depending on the number of claims submitted, when during the Class Period a Class 

Member purchased shares of Tripath common stock, the purchase price paid, and whether those 

shares were held at the end of the Class Period or sold during the Class Period, and, if sold, when 

they were sold and the amount received, an individual Class Member may receive more or less 

than this average amount. See the Plan of Allocation on page ___ for more information on your 

Recognized Claim.

 

1 An allegedly damaged share might have been traded more than once during the Class Period, and the indicated 

average recovery would be the total for all purchasers of that share.

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 11 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

MOTION FOR ATTORNEYS’ FEES & SETTLEMENT FAIRNESS HEARING CASE NO.: 04-CV-04681 (SBA)

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Statement of Potential Outcome of Case

The parties disagree on both liability and damages and do not agree on the average amount of 

damages per share that would be recoverable if plaintiffs were to have prevailed on each claim 

alleged. The Defendants deny that they are liable to the plaintiffs or the Class and deny that 

plaintiffs or the Class have suffered any damages.

Statement of Attorneys’ Fees and Costs Sought

Plaintiffs’ Counsel are moving the Court to award attorneys’ fees not to exceed one-quarter (25%) of 

the Gross Settlement Fund. The requested fees and expenses would amount to an average of 1.04 

new Tripath Settlement Shares and 8.5¢ per 100 damaged shares for attorneys’ fees. Plaintiffs’ 

Counsel also intend to move the Court for reimbursement of expenses incurred in connection with 

the prosecution of this Action in the approximate amount of $20,000, which would amount to an 

average of 3¢ per 100 damaged shares. Plaintiffs’ Counsel have expended considerable time and 

effort in the prosecution of this litigation on a contingent fee basis, and have advanced the expenses 

of the litigation, in the expectation that if they were successful in obtaining a recovery for the Class 

they would be paid from such recovery. In this type of litigation it is customary for counsel to be 

awarded a percentage of the common fund recovery as their attorneys’ fees.

Further Information

Further information regarding the Action and this Notice may be obtained by contacting Lead

Counsel for the Class: Jeff S. Westerman, Esq., Milberg Weiss Bershad & Schulman LLP, 355 

South Grand Ave., Suite 4170, Los Angeles, CA 90071, Telephone (213) 617-1200.

Reasons for the settlement

The principal reason for the settlement is the benefit to be provided to the Class now. This benefit 

must be compared to the risk that no recovery might be achieved after a contested trial and likely 

appeals, possibly years into the future. While the Defendants deny any liability or damages, an 

additional risk plaintiffs considered is the risk that, even if they succeeded in establishing liability 

and damages, the Defendants’ resources would not likely support a greater recovery than is being 

obtained by this settlement

[END OF COVER PAGE]

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 12 of 37
NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

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WHAT THIS NOTICE CONTAINS

Table of Contents

Page

SUMMARY NOTICE ....................................................................................1

Statement of Plaintiff Recovery .................................................................1

Statement of Potential Outcome of Case ......................................................2

Statement Of Attorneys’ Fees And Costs Sought ..............................................2

Further Information ...............................................................................2

Reasons for Settlement ...........................................................................2

BASIC INFORMATION ..................................................................................5

1. Why did I get this notice package? ......................................................5

2. What is this lawsuit about? ...................................................................5

3. Why is this a class action? ...............................................................6

4. Why is there a settlement? ...............................................................6

WHO IS IN THE SETTLEMENT........................................................................6

5. How do I know if I am part of the settlement? ........................................6

6. Are there exceptions to being included? ...............................................6

7. What if I am still not sure if I am included? ...........................................7

THE SETTLEMENT BENEFITS — WHAT YOU GET ..................................................7

8. What does the settlement provide? ...........................................................7

9. How much will my payment be? ..............................................................7

HOW YOU GET A PAYMENT — SUBMITTING A PROOF OF CLAIM FORM ............7

10. How can I get a payment? ........................................................................7

11. When would I get my payment? ..........................................................7

12. What am I giving up to get a payment or stay in the Class? ........................8

EXCLUDING YOURSELF FROM THE SETTLEMENT ............................................8

13. How do I get out of the proposed settlement? ........................................8

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NOTICE OF PENDENCY OF CLASS ACTION & PROPOSED SETTLEMENT,

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14. If I do not exclude myself, can I sue the Defendants

and the other Released Parties for the same thing later? ..........................9

15. If I exclude myself, can I get Settlement Shares from the

proposed settlement? .............................................................................9

THE LAWYERS REPRESENTING YOU ..............................................................9

16. Do I have a lawyer in this case? .......................................................9

17. How will the lawyers be paid? .........................................................9

OBJECTING TO THE SETTLEMENT ......................................................................10

18. How do I tell the Court that I do not like the proposed settlement? ............10

19. What is the difference between objecting and excluding? ......................10

THE COURT’S SETTLEMENT FAIRNESS HEARING ........................................11

20. When and where will the Court decide whether to approve

the proposed settlement ......................................................................11

21. Do I have to come to the hearing? .................................................11

22. May I speak at the hearing? ................................................................11

IF YOU DO NOTHING ..............................................................................12

23. What happens if I do nothing at all? ...............................................12

GETTING MORE INFORMATION .................................................................12

24. Are there more details about the proposed settlement? .........................12

25. How do I get more information? ...................................................12

PLAN OF ALLOCATION OF NET SETTLEMENT FUND

 AMONG CLASS MEMBERS ...................................................................12

SPECIAL NOTICE TO SECURITIES BROKERS AND OTHER NOMINEES ................15

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BASIC INFORMATION

19. Why did I get this notice package?

You or someone in your family may have purchased the securities of Tripath during the period 

between January 29, 2004 and June 13, 2005, inclusive.

The Court directed that this Notice be sent to Class Members because they have a right to know 

about a proposed settlement of a class action lawsuit, and about all of their options, before the Court 

decides whether to approve the settlement. If the Court approves the settlement, and after objections 

and appeals are resolved, an administrator appointed by the Court will make the payments that the 

settlement allows.

This package explains the lawsuit, the settlement, Class Members’ legal rights, what benefits are 

available, who is eligible for them, and how to get them.

The Court in charge of the case is the United States District Court for the Northern District of 

California, and the case is known as In re Tripath Technology Inc. Securities Litigation, Civil 

ActionNo. 04 4681 (SRB). This case was assigned to United States District Judge Saundra B. 

Armstrong. The people who sued are called plaintiffs, and the company and the individuals they 

sued, Tripath and Adya Tripathi (Chairman, President, and Chief Executive Officer of Tripathi 

during the Class Period), David Eichler (Chief Financial Officer of Tripathi during the Class 

Period until his departure on September 15, 2004), and Graham K. Wright (Vice President of 

Sales and Marketing of Tripathi during the Class Period), are called the Defendants.

20. What is this lawsuit about?

Tripath is a San Jose, California-based semiconductor company that focuses on providing power 

amplification to the digital media consumer electronics and communications markets. Tripath owns 

the patented technology called Digital Power Processing (DPP(R)), which leverages modern 

advances in digital signal processing and power processing in audio, DSL, and wireless

communications products.

The lawsuit claims that, throughout the Class Period, Tripath disseminated press releases and SEC 

filings which reported quarter after quarter of record results for the company. According to the 

lawsuit, the Defendants attributed the record results to the sale of Tripath’s products and design wins 

(i.e., the selection of Tripath products for design into its customers’ new products) in the 

communications and home entertainment system markets. 

Plaintiffs allege that Tripath’s seeming success was the result of improper accounting that artificially 

inflated Tripath’s reported results. The lawsuit claims that the Defendants’ SEC filings and press 

releases during the Class Period included materially false and misleading statements with respect to 

Tripath’s financial results and the company’s business, prospects and operations. According to the 

plaintiffs, the Defendants issued these statements in a scheme to artificially inflate the value of 

Tripath’s securities in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 

and Rule 10b-5 promulgated thereunder. Plaintiffs further allege that Class Members purchased the 

securities of Tripath during the Class Period at artificially-inflated prices and were damaged thereby. 

The Defendants deny they did anything wrong.

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21. Why is this a class action?

In a class action, one or more people called Class Representatives (in this case Robert Poteet), sue on 

behalf of people who have similar claims. All these people are a Class or Class Members. Bringing 

a case, such as this one, as a class action allows adjudication of many similar claims of persons and 

entities that might be economically too small to bring in individual actions. One court resolves the 

issues for all Class Members, except for those who exclude themselves from the Class.

22. Why is there a settlement?

Beginning in November 2004, four class action complaints were filed in the United States District 

Court for the Northern District of California alleging that Defendants had violated the federal 

securities laws.

On December 22, 2004, the Court consolidated the four class actions under the caption In re Tripath 

Technology, Inc. Securities Litigation, Civil Action No. 04 4681. By Order dated January 28, 2005, 

the Court appointed Robert Poteet as Lead Plaintiff and approved the law firm of Milberg Weiss 

Bershad & Schulman LLP as Lead Counsel.

Thereafter, Lead Counsel and Defendants’ Counsel entered into negotiations with a view to 

compromising and settling the issues in dispute. As a result of these negotiations, both sides 

agreed to a settlement before the Court was faced with deciding in favor of the Plaintiffs or 

Defendants. That way, the two sides avoided the risks and cost of a trial, and the people affected 

will get compensation. The Class Representative and the attorneys think the settlement is best 

for all Class Members.

WHO IS IN THE SETTLEMENT

To see if you will get Settlement Shares from this settlement, you first have to decide if you are a 

Class Member.

23. How do I know if I am part of the settlement?

The Court directed that, for the purposes of the proposed settlement, everyone who fits this 

description is a Class Member: All persons who purchased the securities of Tripath Technology 

Inc. between January 29, 2004 and June 13, 2005, inclusive, and who were damaged thereby.

24. Are there exceptions to being included?

Excluded from the Class are the Defendants, the officers and/or directors of Tripath, at all 

relevant times, members of their immediate families (parents, spouses, siblings, and children), 

and their legal representatives, heirs, successors or assigns, and any entity in which the 

Defendants have or had a controlling interest.

If one of your mutual funds purchased Tripath securities during the Class Period, that alone does not 

make you a Class Member. You are a Class Member only if you directly purchased Tripath 

securities during the Class Period. Contact your broker to see if you purchased Tripath securities 

during the Class Period.

If you sold Tripath securities during the Class Period, that alone does not make you a Class 

Member. You are a Class Member only if you purchased your securities during the Class 

Period.

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25. What if I am still not sure if I am included?

If you are still not sure whether you are included, you can ask for free help. You can call 1-800-

_____-_________ or visit www.gilardi.com for more information. Or you can fill out and return the 

Proof of Claim form described on page ___, in question 10, to see if you qualify.

THE SETTLEMENT BENEFITS — WHAT YOU GET

26. What does the settlement provide?

In exchange for the settlement and dismissal of the Action, the Defendants have agreed to pay

$200,000 in cash and to deliver 2,450,000 freely tradable shares of Tripath common stock for the 

benefit of the Class. The Settlement Shares shall be divided among all Class Members who send in a 

valid Proof of Claim form. The cash portion of the settlement is expected to be consumed in 

connection with the litigation expenses and the costs of notice and administration of the settlement.

27. How much will my payment be?

Your share of the Settlement Shares will depend on the total Recognized Claims represented by the

valid Proof of Claim forms that Class Members send in, how many shares of Tripath common stock 

you bought, how much you paid for them, and when you bought and whether or when you sold 

them, and if so for how much you sold them.

You can calculate your Recognized Claim in accordance with the formula shown below in the Plan 

of Allocation. It is unlikely that you will get a payment for all of your Recognized Claim. After all 

Class Members have sent in their Proof of Claim forms, the payment you get will be a part of the Net 

Settlement Shares equal to your Recognized Claim divided by the total of everyone’s Recognized 

Claims. See the Plan of Allocation on page ___ for more information on your Recognized Claim. 

Although it is possible that the Settlement Shares would be sold prior to distribution to the Class, 

Lead Counsel expect that Authorized Claimants will be paid in new Tripath Settlement Shares

HOW YOU GET A PAYMENT — SUBMITTING A PROOF OF CLAIM FORM

28. How can I get a payment?

To qualify for a payment, you must send in a Proof of Claim form. A Proof of Claim form is being 

circulated with this Notice. You may also get a Proof of Claim form on the Internet at 

www.gilardi.com. Read the instructions carefully, fill out the Proof of Claim form, include all the 

documents the form asks for, sign it, and mail it postmarked no later than _______________, 2005.

29. When would I get my payment?

The Court will hold a hearing on _______________, 2005, to decide whether to approve the 

settlement. If the Court approves the settlement after that, there may be appeals. It is always 

uncertain whether these appeals can be resolved, and resolving them can take time, perhaps more 

than a year. It also takes time for all the Proofs of Claim to be processed. Please be patient.

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30. What am I giving up to get a payment or stay in the Class?

Unless you exclude yourself, you are staying in the class, and that means that, upon the “Effective 

Date,” you will release all “Settled Claims” (as defined below) against the “Released Parties” (as 

defined below).

“Settled Claims” means any and all claims, debts, demands, rights or causes of action or liabilities 

whatsoever (including, but not limited to, any claims for damages, interest, attorneys’ fees, expert or 

consulting fees, and any other costs, expenses or liability whatsoever), whether based on federal, 

state, local, statutory or common law or any other law, rule or regulation, whether fixed or 

contingent, accrued or un-accrued, liquidated or un-liquidated, at law or in equity, matured or unmatured, whether class or individual in nature, including known claims and Unknown Claims (as 

defined in the Stipulation), arising out of, based upon or related in any way to the institution, 

prosecution, or settlement of the Action (except for claims to enforce the Settlement), including: (i) 

the allegations made in the Action by the Class Members or any of them against any of the Released 

Parties; or (ii) the allegations that could have been made in any forum by the Class Members or any 

of them against any of the Released Parties which arise out of or are based upon the allegations, 

transactions, facts, matters or occurrences, representations or omissions, involved, set forth, or 

referred to in the Complaint, or that involve events that occurred during the Class Period, and which 

relate to the purchase or acquisition of Tripath securities during the Class Period.

“Released Parties” means any and all of the Defendants, their past or present subsidiaries, parents, 

successors and predecessors, officers, directors, agents, employees, controlling shareholders, 

attorneys, advisors, investment advisors, auditors, accountants, assigns, spouses, any member of an 

Individual Defendant’s immediate family, or any trust which is for the benefit of any Individual 

Defendant and/or member(s) of his immediate family and the legal representatives, heirs or 

successors in interest of the Defendants, and any person, firm, trust, corporation, officer, director or 

other individual or entity in which any Defendant has a controlling interest or which is related to or 

affiliated with any of the Defendants.

The “Effective Date” will occur when an Order entered by the Court approving the settlement 

becomes final and not subject to appeal.

If you remain a member of the Class, all of the Court’s orders will apply to you and legally bind 

you.

EXCLUDING YOURSELF FROM THE SETTLEMENT

If you do not want to share in this settlement, but you want to keep any right you may have to sue or 

continue to sue the Defendants and the other Released Parties, on your own, about the Settled 

Claims, then you must take steps to get out. This is called excluding yourself — or is sometimes 

referred to as “opting out” of the settlement class. Defendants may withdraw from and terminate the 

settlement if putative Class Members who purchased in excess of a certain amount of Tripath 

common stock exclude themselves from the Class.

31. How do I get out of the proposed settlement?

To exclude yourself from the settlement Class, you must send a signed letter by mail stating that you 

“request exclusion from the Class in the Tripath Securities Litigation.” Your letter should state the 

date(s), price(s), and number(s) of shares of all your purchases and sales of Tripath securities during 

the Class Period. In addition, be sure to include your name, address, telephone number, and your 

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signature. You must mail your exclusion request postmarked no later than _______________, 2005

to:

TripathSecurities Litigation Settlment Fund Exclusions

c/o Gilardi & Co. LLC, Claims Administrator

P.O. Box 0000

City, ST 00000-0000

You cannot exclude yourself by telephone or by e-mail. If you ask to be excluded, you will not get 

any settlement payment, and you cannot object to the settlement. You will not be legally bound by 

anything that happens in this lawsuit, and you may be able to sue (or continue to sue) the Defendants 

and the other Released Parties in the future.

32. If I do not exclude myself, can I sue the Defendants and the other Released Parties

for the same thing later?

No. Unless you exclude yourself, you give up any rights to sue the Defendants and the other 

Released Parties for any and all Settled Claims. If you have a pending lawsuit speak to your lawyer 

in that case immediately. You must exclude yourself from this Class to continue your own lawsuit. 

Remember, the exclusion deadline is _______________, 2005.

33. If I exclude myself, can I get Settlement Shares from the proposed settlement?

No. If you exclude yourself, do not send in a Proof of Claim form to ask for any Settlement Shares. 

But, you may exercise any right you may have to sue, continue to sue, or be part of a different 

lawsuit against the Defendants and the other Released Parties.

THE LAWYERS REPRESENTING YOU

34. Do I have a lawyer in this case?

The Court ordered that the law firm of Milberg Weiss Bershad & Schulman LLP will represent all 

Class Members. These lawyers are called Lead Counsel. You will not be separately charged for 

these lawyers. The Court will determine the amount of Plaintiffs’ Counsel’s fees and expenses, 

which will be paid from the Gross Settlement Fund. If you want to be represented by your own 

lawyer, you may hire one at your own expense.

35. How will the lawyers be paid?

Plaintiffs’ Counsel are moving the Court to award attorneys’ fees from the Gross Settlement Fund in 

an amount of not greater than one-quarter (25%) of the Gross Settlement Fund and for

reimbursement of their expenses in the approximate amount of $20,000, plus interest on such 

expenses at the same rate as earned by the Settlement Fund. Lead Counsel, without further notice to 

the Class, may subsequently apply to the Court for fees and expenses incurred in connection with 

administering and distributing the settlement proceeds to the members of the Class and any 

proceedings subsequent to the Settlement Fairness Hearing. Lead Counsel expect that the cash 

portion of the settlement proceeds paid by the Defendants will be used exclusively to pay notice and 

administration expenses and to reimburse Plaintiffs’ Counsel’s litigation expenses.

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OBJECTING TO THE SETTLEMENT

You can tell the Court that you do not agree with the settlement or some part of it.

36. How do I tell the Court that I do not like the proposed settlement?

If you are a Class Member you can object to the settlement or any of its terms, the proposed Plan of 

Allocation and/or the application by Plaintiffs’ Counsel for an award of fees and expenses. You may 

write to the Court setting out your objection. You may give reasons why you think the Court should 

not approve any or all of the settlement terms or arrangements. The Court will consider your views 

if you file a proper objection within the deadline identified, and according to the following 

procedures. 

To object, you must send a signed letter stating that you object to the proposed settlement in the 

Tripath Securities Litigation. Be sure to include your name, address, telephone number, and your 

signature, identify the date(s), price(s), and number(s) of shares of all purchases and sales of Tripath 

securities you made during the Class Period, and state the reasons why you object to the settlement. 

Your objection must be filed with the Court and served on all the following counsel on or before

_______________, 2005:

COURT LEAD COUNSEL DEFENDANTS’ COUNSEL

Clerk of the Court

United States District Court 

 for the Northern District of 

 California

1301 Clay Street

Oakland, CA 94612-5212

Jeff S. Westerman, Esq.

Milberg Weiss Bershad 

 & Schulman LLP

355 South Grand Ave.

Suite 4170 

Los Angeles, CA 90071 

Sarah A. Good, Esq

Howard Rice Nemerovski 

 Canady Falk

Three Embarcadero Center

Suite 700

San Francisco, CA 94111-4065

Susan S. Muck, Esq. 

Fenwick & West LLP

Embarcadero Center West

275 Battery Street

San Francisco, CA 94111

You do not need to go to the Settlement Fairness Hearing to have your written objection considered 

by the Court. At the Settlement Fairness Hearing, any Class Member who has not previously 

submitted a request for exclusion from the Class and who has complied with the procedures set out 

in this question 18 and question 22 below for filing with the Court and providing to the counsel for 

Plaintiffs and Defendants a statement of an intention to appear at the Settlement Fairness Hearing 

may also appear and be heard, to the extent allowed by the Court, to state any objection to the 

Settlement, the Plan of Allocation or Plaintiffs’ Counsel’s motion for an award of attorneys’ fees and 

reimbursement of expenses. Any such objector may appear in person or arrange, at that objector’s 

expense, for a lawyer to represent the objector at the Hearing.

37. What is the difference between objecting and excluding?

Objecting is simply telling the Court that you do not like something about the proposed settlement. 

You can object only if you stay in the Class. Excluding yourself is telling the Court that you do not 

want to be part of the Class. If you exclude yourself, you have no basis to object because the case no 

longer affects you.

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THE COURT’S SETTLEMENT FAIRNESS HEARING

The Court will hold a hearing to decide whether to approve the proposed settlement. You may 

attend and you may ask to speak, but you do not have to.

38. When and where will the Court decide whether to approve the proposed settlement?

 The Court will hold a Settlement Fairness Hearing at ___:_____ __.m. on ____day,

_______________, 2005, at the United States District Court for the Northern District of California, 

1301 Clay Street, Oakland, CA 94612-5212. At this hearing the Court will consider whether the 

settlement is fair, reasonable and adequate. At the Settlement Fairness Hearing, the Court also will 

consider the proposed Plan of Allocation for the proceeds of the settlement and the application of 

Plaintiffs’ Counsel for attorneys’ fees and reimbursement of expenses. The Court will take into 

consideration any written objections filed in accordance with the instructions at question 18. The 

Court also may listen to people who have properly indicated, within the deadline identified above, an 

intention to speak at the hearing; but decisions regarding the conduct of the hearing will be made by 

the Court. See question 22 for more information about speaking at the hearing. The Court may also 

decide how much to pay to Plaintiffs’ Counsel. After the hearing, the Court will decide whether to 

approve the settlement. We do not know how long these decisions will take.

You should be aware that the Court may change the date and time of the Settlement Fairness 

Hearing. Thus, if you want to come to the hearing, you should check with Lead Counsel before 

coming to be sure that the date and/or time has not changed.

39. Do I have to come to the hearing?

No. Lead Counsel will answer questions the Court may have. But, you are welcome to come at 

your own expense. If you send an objection, you do not have to come to Court to talk about it. 

As long as you filed your written objection on time, the Court will consider it. You may also pay 

your own lawyer to attend, but it is not necessary. Class Members do not need to appear at the 

hearing or take any other action to indicate their approval.

40. May I speak at the hearing?

If you object to the settlement, you may ask the Court for permission to speak at the Settlement 

Fairness Hearing. To do so, you must include with your objection (see question 18 above) a 

statement stating that it is your “Notice of Intention to Appear in In re Tripath Technology, Inc. 

Securities Litigation, Civil Action No. 04 4681 (SBA).” Persons who intend to object to the 

settlement, the Plan of Allocation, and/or counsel’s application for an award of attorneys’ fees 

and expenses and desire to present evidence at the Settlement Fairness Hearing must include in 

their written objections the identity of any witnesses they may call to testify and exhibits they 

intend to introduce into evidence at the Settlement Fairness Hearing. You cannot speak at the 

hearing if you excluded yourself from the Class or if you have not provided written notice of 

your intention to speak at the Settlement Fairness Hearing by the deadline identified, and in 

accordance with the procedures described in questions 18 and 20 above.

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IF YOU DO NOTHING

41. What happens if I do nothing at all?

If you do nothing, you will get no Settlement Shares from this settlement and you will be precluded 

from starting a lawsuit, continuing with a lawsuit, or being part of any other lawsuit against the 

Defendants and the other Released Parties about the Settled Claims in this case, ever again. To share 

in the Net Settlement Fund you must submit a Proof of Claim form (see question 10). To start, 

continue or be a part of any other lawsuit against the Defendants and the other Released Parties 

about the Settled Claims in this case you must exclude yourself from this class (see question 13).

GETTING MORE INFORMATION

42. Are there more details about the proposed settlement?

This notice summarizes the proposed settlement. More details are in a Stipulation and Agreement of 

Settlement dated July 11, 2005 (the “Stipulation”). You can get a copy of the Stipulation by writing 

to Jeff S. Westerman, Esq., Milberg Weiss Bershad & Schulman LLP, 355 South Grand Ave., Suite 

4170, Los Angeles, CA 90071, or by visiting www.gilardi.com.

You also can call the Claims Administrator at 1-800-_____-_________ toll free; write to Tripath 

Securities Litigation Settlement Fund, P.O. Box 0000, City, ST 00000-0000; or visit the website at 

www.gilardi.com, where you will find answers to common questions about the settlement, a Proof of 

Claim form, plus other information to help you determine whether you are a Class Member and 

whether you are eligible for a payment.

43. How do I get more information?

For even more detailed information concerning the matters involved in this Action, reference is 

made to the pleadings, to the Stipulation, to the Orders entered by the Court and to the other papers 

filed in the Action, which may be inspected at the Office of the Clerk of the United States District 

Court for the Northern District of California, 1301 Clay Street, Oakland, CA 94612-5212, during 

regular business hours.

PLAN OF ALLOCATION OF NET SETTLEMENT FUND AMONG CLASS MEMBERS

The $200,000 Cash Settlement Amount and the interest earned thereon, and the 2,450,000 shares of 

Tripath common stock (or the proceeds of the sale of any or all of such shares, if sold) shall be the 

Gross Settlement Fund. The Gross Settlement Fund, less all taxes, approved costs, fees and 

expenses (the “Net Settlement Fund”) shall be distributed to members of the Class who submit 

acceptable Proofs of Claim (“Authorized Claimants”).

The Claims Administrator shall determine each Authorized Claimant’s pro rata share of the Net 

Settlement Fund based upon each Authorized Claimant’s “Recognized Claim.” The Recognized 

Claim formula is not intended to be an estimate of the amount of what a Class Member might have 

been able to recover after a trial; nor is it an estimate of the amount that will be paid to Authorized 

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Claimants pursuant to the settlement. The Recognized Claim formula is the basis upon which the 

Net Settlement Fund will be proportionately allocated to the Authorized Claimants.

“Recognized Claims” will be calculated for purposes of the Settlement as follows:

(a) For shares of Tripath common stock purchased during the period between January 29, 

2004 and October 18, 2004, inclusive, and 

(i) Sold on or before October 18, 2004, an Authorized Claimant shall 

have no ($0.00) “Recognized Claim”;

(ii) Sold during the period from October 19, 2004 through and including October 

22, 2004, an Authorized Claimant’s “Recognized Claim” shall mean the lesser of: (a) the purchase 

price (including commissions, etc.) less the sales price (net of commissions, etc.), (b) the purchase 

price (including commissions, etc.) less $0.64, or (c) $0.15;

(iii) Sold during the period from October 25, 2004 through and 

including June 13, 2005, an Authorized Claimant’s “Recognized Claim” shall mean the 

lesser of: (a) the purchase price (including commissions, etc.) less the sales price (net of 

commissions, etc.), (b) the purchase price paid (including commissions, etc.) less $0.64, 

or (c) $0.90;

(iv) Held as of the close of trading on June 13, 2005, an Authorized 

Claimant's “Recognized Claim” shall mean the lesser of: (a) the purchase price 

(including commissions, etc.) less $0.64, or (b) $0.92.

(b) For shares of Tripath common stock purchased during the period between October 19, 

2004 and October 22, 2004, inclusive, and 

(i) Sold on or before October 22, 2004, an Authorized Claimant shall 

have no ($0.00) “Recognized Claim”;

(ii) Sold during the period from October 25, 2004 through and including June 13, 

2004, an Authorized Claimant’s “Recognized Claim” shall mean the lesser of: (a) the purchase price 

(including commissions, etc.) less the sales price (net of commissions, etc.), (b) the purchase price 

(including commissions, etc.) less $0.64, or (c) $0.75;

(iii) Held as of the close of trading on June 13, 2005, an Authorized 

Claimant's “Recognized Claim” shall mean the lesser of: (a) the purchase price 

(including commissions, etc.) less $0.64, or (b) $0.77.

(c) For shares of Tripath common stock purchased during the period between October 25, 

2005 and June 13, 2005, and 

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(i) Sold on or before June 13, 2004, an Authorized Claimant shall 

have no ($0.00) “Recognized Claim”;

(ii) Held as of the close of trading on June 13, 2005, an Authorized Claimant's 

“Recognized Claim” shall mean the lesser of: (a) the purchase price (including commissions, etc.) 

less $0.64, or (b) $0.02.

In the event a Class Member has more than one purchase or sale of Tripath common stock, all 

purchases and sales shall be matched on a First In First Out (“FIFO”) basis, Class Period sales will 

be matched first against any Tripath shares held at the beginning of the Class Period and then against 

purchases in chronological order. A purchase or sale of Tripath common stock shall be deemed to 

have occurred on the “contract” or “trade” date as opposed to the “settlement” or “payment” date. 

The receipt or grant by gift, devise or operation of law of Tripath common stock during the Class 

Period shall not be deemed a purchase or sale of Tripath common stock for the calculation of an 

Authorized Claimant’s Recognized Claim nor shall it be deemed an assignment of any claim relating 

to the purchase of such shares unless specifically provided in the instrument of gift or assignment. 

The receipt of Tripath common stock during the Class Period in exchange for securities of any other 

corporation or entity shall not be deemed a purchase or sale of Tripath common stock.

To the extent a Claimant had a gain from his, her or its overall transactions in Tripath common stock 

during the Class Period, the value of the Recognized Claim will be zero. To the extent that a 

Claimant suffered an overall loss on his, her or its overall transactions in Tripath common stock 

during the Class Period, but that loss was less than the Recognized Claim calculated above, then the 

Recognized Claim shall be limited to the amount of the actual loss.

For purposes of determining whether a Claimant had a gain from his, her or its overall transactions 

in Tripath common stock during the Class Period or suffered a loss, the Claims Administrator shall: 

(i) total the amount paid for all Tripath common stock purchased during the Class Period by the 

claimant (the “Total Purchase Amount”); (ii) match any sales of Tripath common stock during the 

Class Period first against the Claimant’s opening position in the stock (the proceeds of those sales 

will not be considered for purposes of calculating gains or losses); (iii) total the amount received for 

sales of the remaining shares of Tripath common stock sold during the Class Period (the “Sales 

Proceeds”); and (iv) ascribe a $0.64 per share holding value for the number of shares of Tripath 

common stock purchased during the Class Period and still held at the end of the Class Period 

(“Holding Value”). The difference between (x) the Total Purchase Amount ((i) above) and (y) the 

sum of the Sales Proceeds ((iii) above) and the Holding Value ((iv) above) will be deemed a 

Claimant’s gain or loss on his, her or its overall transactions in Tripath common stock during the 

Class Period.

Each Authorized Claimant entitled to more than the minimum number of shares (see next paragraph) 

shall be allocated a pro rata share of the Net Settlement Shares (adjusted for attorneys’ fees and the 

minimum share distribution) based on his, her or its Recognized Claim as compared to the total 

Recognized Claims of all Authorized Claimants. Each authorized Claimant shall be paid an amount 

of Net Settlement Shares determined by multiplying the Net Settlement Shares by a fraction, the 

numerator of which shall be his, her or its “Recognized Claim” and the denominator of which shall 

be the total Recognized Claims of all Authorized Claimants. 

The minimum number of Settlement Shares which shall be distributed to each Authorized Claimant 

shall be 15 shares of new Tripath common stock. To the extent that an Authorized Claimant’s 

calculated distribution is less than 15 Settlement Shares, that claimant will receive a distribution of 

15 Settlement Shares. No fractional shares shall be issued. 

Class Members who do not submit acceptable Proofs of Claim will not share in the settlement 

proceeds. Class Members who do not either submit a request for exclusion or submit an acceptable 

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 24 of 37
PROOF OF CLAIM AND RELEASE 

CASE NO.: 04-CV-04681 (SBA)

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Proof of Claim will nevertheless be bound by the settlement and the Order and Final Judgment of the 

Court dismissing this Action.

Distributions will be made to Authorized Claimants after all claims have been processed and after 

the Court has finally approved the settlement. If any cash funds remain in the Net Settlement Fund 

by reason of un-cashed cash distributions or returned Settlement Shares (or their proceeds) or 

otherwise, then, after the Claims Administrator has made reasonable and diligent efforts to have 

Class Members who are entitled to participate in the distribution of the Net Settlement Fund cash 

their distributions, any cash balance remaining in the Net Settlement Fund one (1) year after the 

initial distribution of such funds shall be re-distributed to Class Members who have cashed their 

initial distributions and who would receive at least $10.00 from such re-distribution, after payment 

of any unpaid costs or fees incurred in administering the Net Settlement Fund for such redistribution. If after six months after such re-distribution any funds shall remain in the Net 

Settlement Fund, then such balance shall be contributed to non-sectarian, not-for-profit, 501(c)(3) 

organization(s) designated by Lead Counsel.

Plaintiffs, Defendants, their respective counsel, and all other Released Parties shall have no 

responsibility for or liability whatsoever for the investment or distribution of the Settlement Fund, 

the Net Settlement Fund, the Plan of Allocation or the determination, administration, calculation, or 

payment of any Proof of Claim or non-performance of the Claims Administrator, the payment or 

withholding of taxes owed by the Settlement Fund or any losses incurred in connection therewith.

SPECIAL NOTICE TO SECURITIES BROKERS AND OTHER NOMINEES

If you purchased Tripath securities during the period between January 29, 2004 and June 13, 2005, 

inclusive, for the beneficial interest of a person or organization other than yourself, the Court has 

directed that, WITHIN SEVEN (7) DAYS OF YOUR RECEIPT OF THIS NOTICE, you either (a)

provide to the Claims Administrator the name and last known address of each person or organization 

for whom or which you purchased the Tripath securities during such time period or (b) request 

additional copies of this Notice and the Proof of Claim form, which will be provided to you free of 

charge, and within seven (7) days mail the Notice and Proof of Claim form directly to the beneficial 

owners of such Tripath securities. If you choose to follow alternative procedure (b), the Court has 

directed that, upon such mailing, you send a statement to the Claims Administrator confirming that 

the mailing was made as directed. You are entitled to reimbursement from the Settlement Fund of 

your reasonable expenses actually incurred in connection with the foregoing, including

reimbursement of postage expense and the cost of ascertaining the names and addresses of beneficial 

owners. Those expenses will be paid upon request and submission of appropriate supporting 

documentation. All communications concerning the foregoing should be addressed to the Claims 

Administrator:

Tripath Securities Litigation Settlement Fund

c/o Gilardi & Co. LLC

Claims Administrator

P.O. Box ______

____________, CA _________

(800) ___ - _____

Dated: Oakland, California

_______________, 2005

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 25 of 37
PROOF OF CLAIM AND RELEASE 

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By Order of the Court

CLERK OF THE COURT

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PROOF OF CLAIM AND RELEASE 

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EXHIBIT 2

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PROOF OF CLAIM AND RELEASE 

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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

In re TRIPATH TECHNOLOGY INC., 

SECURITIES LITIGATION

This Document Relates To:

ALL ACTIONS

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Master File No. C 04 4681 SBA

CLASS ACTION

PROOF OF CLAIM AND RELEASE

DEADLINE FOR SUBMISSION: _______________, 2005.

IF YOU PURCHASED THE COMMON STOCK OF TRIPATH TECHNOLOGY INC. 

(“TRIPATH”) DURING THE PERIOD BETWEEN JANUARY 29, 2004 AND JUNE 13, 

2005, INCLUSIVE (“CLASS PERIOD”), AND WERE DAMAGED THEREBY, YOU 

ARE A “CLASS MEMBER” AND YOU MAY BE ENTITLED TO SHARE IN THE 

SETTLEMENT PROCEEDS. (EXCLUDED FROM THE CLASS ARE THE

DEFENDANTS, THE OFFICERS AND/OR DIRECTORS OF TRIPATH, AT ALL

RELEVANT TIMES, MEMBERS OF THEIR IMMEDIATE FAMILIES (PARENTS, 

SPOUSES, SIBLINGS, AND CHILDREN), AND THEIR LEGAL REPRESENTATIVES, 

HEIRS, SUCCESSORS OR ASSIGNS, AND ANY ENTITY IN WHICH THE

DEFENDANTS HAVE OR HAD A CONTROLLING INTEREST.)

IF YOU ARE A CLASS MEMBER, YOU MUST COMPLETE AND SUBMIT THIS 

FORM IN ORDER TO BE ELIGIBLE FOR ANY SETTLEMENT BENEFITS.

YOU MUST COMPLETE AND SIGN THIS PROOF OF CLAIM AND MAIL IT BY 

FIRST CLASS MAIL, POSTMARKED NO LATER THAN ____________, 2005 TO THE 

FOLLOWING ADDRESS:

Tripath Securities Litigation Settlement Fund

c/o Gilardi & Co. LLC

Claims Administrator

Post Office Box ___

__________, ___ _______

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 28 of 37
SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT AND SETTLEMENT HEARING

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YOUR FAILURE TO SUBMIT YOUR CLAIM BY _______________, 2005 WILL 

SUBJECT YOUR CLAIM TO REJECTION AND PRECLUDE YOUR RECEIVING ANY 

MONEY IN CONNECTION WITH THE SETTLEMENT OF THIS LITIGATION. DO 

NOT MAIL OR DELIVER YOUR CLAIM TO THE COURT OR TO ANY OF THE 

PARTIES OR THEIR COUNSEL AS ANY SUCH CLAIM WILL BE DEEMED NOT TO 

HAVE BEEN SUBMITTED. SUBMIT YOUR CLAIM ONLY TO THE CLAIMS 

ADMINISTRATOR.

(ii) I purchased the securities of Tripath between January 29, 2004 and June 13, 

2005, inclusive. (Do not submit this Proof of Claim if you did not purchase Tripath securities 

during this period).

(iii) By submitting this Proof of Claim, I state that I believe in good faith that I am a 

Class Member as defined above and in the Notice of Pendency of Class Action and Proposed 

Settlement, Motion for Attorneys’ Fees and Settlement Fairness Hearing (the “Notice”), or am 

acting for such person; that I am not a Defendant in the Action or anyone excluded from the 

Class; that I have read and understood the Notice; that I believe that I am entitled to receive a 

share of the Net Settlement Fund; that I elect to participate in the proposed Settlement 

described in the Notice; and that I have not filed a request for exclusion. (If you are acting in a 

representative capacity on behalf of a Class Member (e.g., as an executor, administrator, 

trustee, or other representative), you must submit evidence of your current authority to act on 

behalf of that Class Member. Such evidence would include, for example, letters testamentary,

letters of administration, or a copy of the trust documents.)

(iv) I consent to the jurisdiction of the Court with respect to all questions concerning 

the validity of this Proof of Claim. I understand and agree that my claim may be subject to 

investigation and discovery under the Federal Rules of Civil Procedure, provided that such 

investigation and discovery shall be limited to my status as a Class Member and the validity 

and amount of my claim. No discovery shall be allowed on the merits of the Action or 

Settlement in connection with processing of the Proofs of Claim.

(v) I have set forth where requested below all relevant information with respect to 

each purchase or other acquisition of Tripath securities during the Class Period, and each sale, 

if any, of such s ecurities. I agree to furnish additional information (including transactions in 

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other Tripath securities) to the Claims Administrator to support this claim if requested to do 

so.

(vi) I have enclosed photocopies of the stockbroker’s confirmation slips,

stockbroker’s statements, or other documents evidencing each purchase, acquisition, sale or 

retention of Tripath securities listed below in support of my claim. (IF ANY SUCH 

DOCUMENTS ARE NOT IN YOUR POSSESSION, PLEASE OBTAIN A COPY OR

EQUIVALENT DOCUMENTS FROM YOUR BROKER BECAUSE THESE DOCUMENTS 

ARE NECESSARY TO PROVE AND PROCESS YOUR CLAIM.)

(vii) I understand that the information contained in this Proof of Claim is subject to 

such verification as the Claims Administrator may request or as the Court may direct, and I

agree to cooperate in any such verification. (The information requested herein is designed to 

provide the minimum amount of information necessary to process most simple claims. The 

Claims Administrator may request additional information as required to efficiently and 

reliably calculate your Recognized Claim. In some cases the Claims Administrator may 

condition acceptance of the claim based upon the production of additional information, 

including, where applicable, information concerning transactions in any derivatives of the 

subject securities such as options.)

(viii) Upon the occurrence of the Effective Date my signature hereto will constitute a 

full and complete release, remise and discharge by me and my heirs, executors, administrators, 

predecessors, successors, and assigns (or, if I am submitting this Proof of Claim on behalf of a 

corporation, a partnership, estate or one or more other persons, by it, him, her or them, and 

by its, his, her or their heirs, executors, administrators, predecessors, successors, and assigns) 

of each of the “Released Parties” of all “Settled Claims,” as defined in the Notice.

(ix) NOTICE REGARDING ELECTRONIC FILES: Certain claimants with large 

numbers of transactions may request, or may be requested, to submit information regarding 

their transactions in electronic files. All Claimants MUST submit a manually signed paper 

Proof of Claim form listing all their transactions whether or not they also submit electronic 

copies. If you wish to file your claim electronically, you must contact the Claims

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Administrator at 1-(800) ___-____ or visit their website at www.gilardi.com to obtain the 

required file layout. No electronic files will be considered to have been properly submitted 

unless the Claims Administrator issues to the Claimant a written acknowledgment of receipt 

and acceptance of electronically submitted data.

(x) Statement of Claim

Name(s) of Beneficial Owner(s):

_________________________

Name

_________________________

Joint Owner’s Name (if any)

Address of Beneficial Owner(s):

Street No.

City State Zip Code

( ) ( )

Telephone No. (Day) Telephone No. (Night)

Taxpayer I.D. No. or Social Security No.

Check one:

 Individual Corporation

 Joint Owners IRA

 Estate Other (specify)

(xi) At the close of business on January 28, 2004, I owned __________ shares of 

Tripath common stock (If none, write 0).

(xii) I made the following purchases of Tripath common stock during the period 

January 29, 2004 through June 13, 2005, inclusive (NOTE: (Persons who received Tripath 

common stock during the Class Period other than by purchase are not eligible to submit claims 

for those transactions.):

Date(s) of Purchase 

(List 

Chronologically)

(Month/Day/Year)

Number of Shares of 

Common Stock 

Purchased

Purchase Price Per 

Share of Common 

Stock

Aggregate Cost 

(including 

commissions, taxes, 

and fees)

___/___/_____ ______________ $_____________ $_____________

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___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

(xiii) From June 14, 2005 to date, I purchased a total of __________ additional shares 

of Tripath common stock (If none, write 0).

(xiv) I made the following sales of Tripath common stock during the period January 

29, 2004 to date, inclusive:

Date(s) of Sale 

(List 

Chronologically) 

(Month/Day/Year)

Number of Shares of 

Common Stock Sold

Sale Price Per Share 

of Common Stock

Amount Received 

(net of commissions, 

taxes, and fees)

___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

___/___/_____ ______________ $_____________ $_____________

(xv) At the close of trading on June 13, 2005, I owned __________ shares of Tripath 

common stock (If none, write 0). As of the date hereof, I own __________ shares of Tripath 

common stock (If none, write 0).

IF YOU NEED ADDITIONAL SPACE TO LIST YOUR TRANSACTIONS PHOTOCOPY THIS PAGE

(xvi) Substitute Form W-9

Request for Taxpayer Identification Number:

Enter taxpayer identification number below for the Beneficial Owner(s). For most 

individuals, this is your Social Security Number. The Internal Revenue Service ( “I.R.S.”) requires 

such taxpayer identification number. If you fail to provide this information, your claim may be 

rejected.

Social Security Number (for individuals) or

Taxpayer I.D. No.

(for estates, trusts, corporations, etc.)

(xvii) Certification

I (We) certify that I am (we are) NOT subject to backup withholding under the provisions of 

Section 3406 (a)(1)(c) of the Internal Revenue Code because: (a) I am (We are) exempt from 

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backup withholding, or (b) I (We) have not been notified by the I.R.S. that I am (we are) subject to 

backup withholding as a result of a failure to report all interest or dividends, or (c) the I.R.S. has 

notified me (us) that I am (we are) no longer subject to backup withholding.

NOTE: If you have been notified by the I.R.S. that you are subject to backup withholding, please 

strike out the language that you are not subject to backup withholding in the certification above.

UNDER THE PENALTIES OF PERJURY, I (WE) CERTIFY THAT ALL OF THE 

INFORMATION PROVIDED ON THIS FORM IS TRUE, CORRECT AND COMPLETE.

Signature of Claimant (If this claim is being 

made on behalf of Joint Claimants, then each 

must sign)

(Signature)

(Signature)

(Capacity of person(s) signing, e.g., beneficial 

purchaser(s), executor, administrator, trustee, 

etc.)

DATE: 

THIS PROOF OF CLAIM MUST BE SUBMITTED NO LATER THAN ____________, 

2005, AND MUST BE MAILED TO:

Tripath Securities Litigation Settlement Fund

c/o Gilardi & Co. LLC

Claims Administrator

Post Office Box ___

_____________, ___ _________

A Proof of Claim received by the Claims Administrator shall be deemed to have been 

submitted when posted, if mailed by _______________, 2005, and if a postmark is indicated on the 

envelope and it is mailed first class, and addressed in accordance with the above instructions. In all 

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 33 of 37
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other cases, a Proof of Claim shall be deemed to have been submitted when actually received by the 

Claims Administrator.

You should be aware that it will take a significant amount of time to process fully all of the 

Proofs of Claim and to administer the Settlement. This work will be completed as promptly as time 

permits, given the need to investigate and tabulate each Proof of Claim. Please notify the Claims 

Administrator of any change of address.

REMINDER CHECKLIST

1. ? Please be sure to sign this Proof of Claim on page [__]. If this Proof of Claim is 

submitted on behalf of joint claimants, then both claimants must sign.

2. ? Please remember to attach supporting documents. Do NOT send any stock 

certificates. Keep copies of everything you submit.

3. ? Do NOT use highlighter on the Proof of Claim or any supporting documents.

4. ? If you move after submitting this Proof of Claim, please notify the Claims 

Administrator of the change in your address.

NOTE: RECEIPT ACKNOWLEDGMENT NEEDED

The Claims Administrator will send a written confirmation of its receipt of your Proof of 

Claim. Do not assume your claim is submitted until you receive written confirmation of its receipt. 

Your claim is not deemed fully filed until the Claims Administrator sends you written confirmation 

of its receipt of your Proof of Claim. If you do not receive an acknowledgement postcard within 

thirty (30) days of your mailing the Proof of Claim, then please call the Claims Administrator toll 

free at .

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EXHIBIT 3

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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

In re TRIPATH TECHNOLOGY INC., 

SECURITIES LITIGATION

This Document Relates To:

ALL ACTIONS

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Master File No. C 04 4681 SBA

CLASS ACTION

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION,

PROPOSED SETTLEMENT AND SETTLEMENT HEARING

TO: ALL PERSONS WHO PURCHASED THE SECURITIES OF TRIPATH

TECHNOLOGY INC. (“TRIPATH”) BETWEEN JANUARY 29, 2004 AND JUNE 

13, 2005, INCLUSIVE, AND WHO WERE DAMAGED THEREBY (THE 

“CLASS”).

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil 

Procedure and an Order of the Court, that the above-captioned action has been certified as a class 

action and that a settlement for 2,450,000 shares of Tripath common stock and $200,000 in cash has 

been proposed. A hearing will be held before the Honorable Saundra B. Armstrong in the United 

States District Court for the Northern District of California, 1301 Clay Street, Oakland, CA 94612-

5212, at ___:_____ __.m., on _______________, 2005, to determine whether the proposed 

settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the 

application of Plaintiffs’ Counsel for attorneys’ fees and reimbursement of expenses.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS 

WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT 

FUND. If you have not yet received the full printed Notice of Pendency of Class Action and 

Proposed Settlement, Motion for Attorneys’ Fees and Settlement Fairness Hearing and a Proof of 

Claim form, you may obtain copies of these documents by contacting the Claims Administrator:

Case 4:04-cv-04681-SBA Document 61 Filed 10/20/05 Page 36 of 37
PRELIMINARY ORDER FOR NOTICE AND HEARING IN CONECTION WITH SETTLEMENT PROCEEDINGS

CASE NO.: 04-CV-04681 (SBA)

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Tripath Securities Litigation Settlement Fund

c/o Gilardi & Co. LLC

Claims Administrator

Post Office Box 

, , 

(800) 

www.gilardi.com

Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to Lead

Counsel:

Jeff S. Westerman, Esq.

Elizabeth P. Lin, Esq.

MILBERG WEISS BERSHAD

 & SCHULMAN LLP

355 South Grand Ave., Suite 4170 

Los Angeles, CA 90071 

Telephone: (213) 617-1200

To participate in the Settlement, you must submit a Proof of Claim no later than

_______________, 2005. If you are a Class Member and do not exclude yourself from the Class, 

you will be bound by the Order and Final Judgment of the Court. To exclude yourself from the 

Class, you must submit a request for exclusion postmarked no later than _______________, 2005. 

Any objections to the Settlement must be filed by _______________, 2005. If you are a Class 

Member and do not submit a proper Proof of Claim, you will not share in the Settlement but you 

nevertheless will be bound by the Order and Final Judgment of the Court.

Further information may be obtained by contacting the Claims Administrator.

By Order of The Court

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