Kaplan Fox Reminds Purchasers of Common Stock of International Rectifier Corporation of Upcoming Lead Plaintiff Motion Deadline

NEW YORK, June 8 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (http://www.kaplanfox.com/) reminds investors that it filed a class action suit in the United States District Court for the Central District of California against International Rectifier Corporation ("IRF" or the "Company") and certain of its officers and directors, on behalf of all persons or entities who purchased the common stock of IRF between October 27, 2005 and April 9, 2007, inclusive (the "Class Period").

If you are a member of the proposed Class, you may move the court no later than June 18, 2007 to serve as a lead plaintiff for the Class. You need not seek to become a lead plaintiff in order to share in any possible recovery.

The Complaint alleges that during the Class Period, defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by publicly issuing a series of false and misleading statements regarding the Company's business and financial results, thus causing IRF's common stock to trade at artificially inflated prices. In particular, the Complaint alleges that, unknown to investors, during the Class Period, defendants knew or recklessly disregarded that IRF's: (i) revenues, (ii) gross profits (iii) earnings, and (iv) accounts receivable were false and misleading, in violation of generally accepted accounting principles. In addition, the Complaint alleges that the Company's internal controls were inadequate.

The Complaint further alleges that on April 9, 2007, before the market opened, IRF disclosed, among other things, that an internal investigation at the Company revealed "accounting irregularities" at one of the Company's foreign subsidiaries and that the accounting irregularities included, among other things, premature revenue recognition of product sales. In addition, according to the Complaint, based on an interim report of the investigation, the Audit Committee of the Board of Directors concluded that the Company's financial statements for the quarters ended December 31, 2006, September 30, 2006, March 31, 2006, December 31, 2005 and September 30, 2005, and for the year ended June 30, 2006, should no longer be relied upon. Furthermore, the Complaint alleges that the Company cited "material weaknesses in the internal control over financial reporting at a foreign unit."

On April 9, 2007, in reaction to IRF's surprising disclosure, the price of its shares declined from $38.80 per share at the close of trading on April 5, 2007, to close at $35.97 per share, a decline of $2.83 per share or approximately 7.3%, on unusually heavy volume.

On May 11, 2007, after the market closed, the Company filed an amended Form 8-K with the SEC that revealed that at one of the Company's foreign subsidiaries "certain unsubstantiated orders were entered [which] resulted in the shipment of products and the recording of sales with no obligation by customers to receive and pay for the products . . . [the] practice included routing certain product shipments to warehouses not on the Company's logistical systems."

On May 14, 2007, the next trading day, IRF shares declined in price from $37.07 per share, the closing price on May 11, 2007, to close at $35.80 per share on May 14, 2007, a decline of $1.27 per share, or approximately 3.4% on heavier than usual volume.

The Complaint also alleges that certain individual Defendants collectively sold approximately 364,000 IRF shares during the Class Period at artificially inflated prices for proceeds of approximately $13 million.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, or to review a copy of the complaint filed in this action, you may visit our website at http://www.kaplanfox.com/.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at [e-mail] or contact:

Frederic S. Fox Laurence D. King Joel B. Strauss KAPLAN FOX & KILSHEIMER LLP Jeffrey P. Campisi 555 Montgomery Street, Suite 1501 KAPLAN FOX & KILSHEIMER LLP San Francisco, California 94111 805 Third Avenue, 22nd Floor [phone] New York, New York 10022 Fax: [phone] [phone] E-mail address: [e-mail][phone] Fax: [phone] E-mail address: [e-mail]