Merix Corp. Securities Litigation

The litigation is a class action filed on behalf of persons or entities who held any Merix Corporation ("Merix") common stock continuously from October 6, 2009 through and including February 16, 2010, the date of the closing of the merger of Merix and Viasystems, Inc., ("Viasystems"). Plaintiffs Consolidated Amended Complaint ("CAC") alleges that Defendants breached their fiduciary duties of loyalty, good faith and full disclosure to the shareholders of Merix in connection with the sale of Merix to Viasystems (the "Merger"), including by failing to maximize shareholder value and deploying an unfair process in connection with the Merger that included the issuance of a Proxy Statement and a fairness opinion to the public which are alleged to contain certain materially false and misleading information and/or material omissions.

The Defendants named in the CAC are eight individuals who were directors of Merix at the time of the Merger, including one such director who was also its Chief Executive Officer. Merix and Viasystems are not Defendants.

Defendants have denied and continue to deny each material allegation in the CAC and/or that they have committed any violation of law or engaged in any wrongful acts alleged or that could have been alleged in the CAC. Defendants contend that the process employed in the sale of the Company was exhaustive, objective, and fair; that an independent investment banker was retained by the Company and continuously consulted; and that the best price available for the Company was obtained. As a consequence, Defendants deny that they have breached any of their duties to Merix' shareholders, that Merix or its shareholders have suffered damages, or that Merix or any of its shareholders were harmed in any way by any of the conduct alleged in the CAC.

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