ZF Micro Devices, Inc. v. TAT Capital Partners, Ltd.

Opinion

WALSH, J. *

This is the third chapter of Silicon Valley lihgation spanning more than 14 years involving a microchip company, ZF Micro Devices, Inc. (ZF Devices), and its successor, ZF Micro Solutions, Inc. (ZF Solutions). The successor company sued National Semiconductor Corporation (NSC)—ZF Devices’ foundry—and obtained a $20 million settlement in 2004. Afterwards, venture capital firms that had invested in ZF Devices, including TAT Capital Partners, Ltd. (TAT), sued ZF Soluhons and others for fraudulent transfer of the NSC settlement proceeds. The investors prevailed at trial in 2010…