Southwall Announces Final Judgment On Shareholder
Litigation
PALO ALTO, Calif.--Sept. 19, 2001--Southwall
Technologies Inc. , a leading developer, manufacturer
and marketer of thin-film coatings for the automotive glass,
electronic display and residential and commercial building glass
markets, today announced that on Friday, September 14, 2001, the
United States District Court in San Francisco entered Final Judgment
approving the settlement of all shareholder claims filed against the
Company in connection with the restatement of its financial results
for the first quarter of fiscal 2000 and for 1999. The Company's CEO,
Thomas G. Hood reported that, "as anticipated, the settlement was
completed without any adverse effect on Southwall's financial
position. We are pleased now to have resolved all matters arising out
of the restatement so that we can focus our energies on our products,
our customers, our expanding markets and our recently-renewed
profitability."