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The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Intersil Corporation

^{Published on 2011-07-11 17:40:44 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky, LLP is investigating Intersil Corporation (aIntersila or the aCompanya) (NASDAQ: ISIL), and its Board of Directors, in connection with the Company's 2008, 2009, and 2010 compensation for its CEO and other executives. If you owned shares during this time period, you may be affected.

To get more information, click here: [ http://zlk.com/ISIL ].

At the Companya™s recent annual shareholder meeting held May 4, 2011, shareholders voted anoa on Intersila™s say on pay provision. The investigation concerns whether certain senior officers and executives of Intersil were awarded salaries, bonuses, and/or other forms of compensation that were excessive or unwarranted based on the Intersila™s performance.

Specifically, Intersila™s CEO total compensation rose from $3.16 million in 2008 to $4.44 million in 2010, and the Senior Vice President and CFOa™s pay rose from $427,000 in 2008 to $1.34 million in 2010. Executive pay was increased despite the Companya™s substantial Net Loss of $1.026 billion in 2008 compared to a Net income of $140.48 million in 2007.

To speak directly to an attorney please contact Eduard Korsinsky, Esq. either via email at [ ek@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com ].

Levi & Korsinsky has expertise in protecting shareholdersa™ rights and prosecuting investor securities litigation. The attorneys at Levi & Korsinsky have extensive experience in litigating actions on behalf of shareholders victimized by financial fraud and represent investors throughout the nation. Levi & Korsinsky has been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities fraud cases. For more information, please feel free to contact any of the attorneys listed below.

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