SOURCE: Zoran Corporation

June 12, 2008 14:26 ET

Zoran Corporation Announces Preliminary Approval of Derivative Litigation Settlement

SUNNYVALE, CA--(Marketwire - June 12, 2008) - Zoran Corporation (NASDAQ: ZRAN) today announced that the U.S. District Court has granted preliminary approval of an agreement to settle a previously-disclosed shareholder derivative action relating to the company's historical stock option practices. The settlement is subject to final court approval. Notice of the settlement will be sent to shareholders, and the court hearing for final approval has been scheduled for August 18, 2008.

The case is captioned In re Zoran Corporation Derivative Litigation, Case No. CV 06-05503 WHA.

About Zoran Corporation

Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions for applications in the growing digital entertainment and digital imaging markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high-performance digital audio and video, imaging applications, and Connect Share Entertain technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction peripheral printer products have received recognition for excellence and are now in hundreds of millions of homes and offices worldwide. With headquarters in the U.S. and additional operations in Canada, China, England, France, Germany, Israel, Japan, Korea, and Taiwan, Zoran may be contacted on the World Wide Web at www.zoran.com or at 408-523-6500.

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