ITEM 8.01 OTHER EVENTS.

On June 15, 2009, Vitesse Semiconductor Corporation (the "Company") issued a press release announcing that it had reached a settlement in connection with its lawsuit against its former auditing firm, KPMG LLP. A copy of such press release is attached hereto as Exhibit 99.1.

On June 13, 2007, the Company filed a lawsuit in the Superior Court for the County of Los Angeles against KPMG LLP alleging negligence in the audit of the Company's stock option grants and financial statements during the time period between 1994 to 2000. The complaint was later amended to include the years 2001 to 2004.

Under the terms of the settlement agreement, KPMG has agreed to pay to the Company $22.5 million and forgive all past indebtedness. In addition, both the Company and KPMG have agreed to execute mutual general releases of all claims.

The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section. The information in this Current Report shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

99.1 Press Release dated June 15, 2009.

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