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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
August 16, 1999
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Date of Report
(Date of earliest event reported)
DOT HILL SYSTEMS CORP.
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(Exact name of registrant as specified in its charter)
New York 001-13317 13-3460176
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
6305 El Camino Real, Carlsbad, California 92009
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(Address of registrant's principal executive offices)
(760) 931-5500
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
On August 16, 1999, the United States District Court for the Southern
District of New York issued an order in connection with the putative class
action entitled Lawrence Milman v. Box Hill Systems Corp., 98 CIV. 8640 (SAS)
granting defendants' motion to dismiss in part, and denying the motion to
dismiss in part. Defendants filed the motion to dismiss pursuant to Federal Rule
of Civil Procedure 12(b)(6). As previously reported, the putative shareholder
class action lawsuit was filed against Box Hill Systems Corp. n/k/a Dot Hill
Systems Corp. ("Box Hill") and certain officers/directors of Box Hill, as well
as the underwriters of Box Hill's September 16, 1997 initial public offering
("the Offering") and alleged that omissions and misrepresentations were made
with respect to the Offering.
The ruling on the motion to dismiss decreased the number of actionable omissions
or misrepresentations alleged by plaintiffs from eight to three. In ruling upon
a motion filed pursuant to 12(b)(6), a court may assess only the legal
sufficiency of a complaint, and may not consider the accuracy or merits of a
plaintiff's factual allegations. Dot Hill and the officers/directors named in
the lawsuit believe that they have meritorious defenses to plaintiffs' claims
and intend to continue to defend against those claims.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DOT HILL SYSTEMS CORP.
By: /s/ Philip Black
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Philip Black
Co-Chief Executive Officer
By: /s/ James L. Lambert
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James L. Lambert
Co-Chief Executive Officer
Date: August 24, 1999
