Vitesse Semiconductor received a grand jury subpoena from the office of the United States Attorney for the Southern District of New York requesting documents from 1999 through the present referring to, relating to, or involving the granting of stock options.
Vitesse also announced that it has been notified by the Division of Enforcement of the Securities and Exchange Commission that it is conducting an investigation of Vitesse and that the Division of Enforcement has requested documents from January 1, 1995 through the present relating to the grant of stock options.
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