This excerpt taken from the SMTC 10-Q filed Dec 7, 2007.
Note 17: Subsequent Events
Accelerated Stock Buyback Program: On December 3, 2007, the Company completed its accelerated stock buyback. Under the final terms of this program, the Company acquired 9.8 million shares of its common stock for an aggregate price of $169.4 million, which includes a $19.4 million purchase price adjustment paid to Goldman Sachs & Co.
Customer Dispute and Related Insurance Matters: On November 26, 2007, Semtech Corporation entered into a written Settlement Agreement with National Union Fire Insurance Company of Pittsburgh, PA (National Union), under which Semtech will receive $6,500,000 in settlement of claims brought against National Union in a lawsuit regarding insurance coverage for a customer dispute settled in March 2003. The Settlement Agreement provides for payment of the settlement in two installments in fiscal year 2009, contains mutual releases with respect to the lawsuit and underlying insurance claims, and provides for dismissal of the lawsuit.