ATI Technologies has settled claims alleged in shareholder class action lawsuits filed in May 2001 in the United States District Court for the Eastern District of Pennsylvania. The suit alleged that misrepresentations and omissions were made by ATI and its officers during a period following the company’s May 2000 earnings warning. ATI agreed to pay $8 million (U.S.) to resolve all remaining claims – a portion of which will be paid by the company’s insurer. The company said that it anticipates a charge in the Second Quarter relating to the litigation.