Federal Judge Grants Final Approval Of $3M Securities Class Action Settlement

Mealey's (November 18, 2016, 9:40 AM EST) -- TRENTON, N.J. — A federal judge in New Jersey on Nov. 15 granted final approval of a $3 million securities class action settlement with an alternative energy company and others, ruling that the settlement is fair, reasonable and adequate and meets all statutory requirements for approval (In re Ocean Power Technologies Inc. Securities Litigation, Nos. 14-3799, 14-3815, 14-4015 and 14-4592, D. N.J.; 2016 U.S. Dist. LEXIS 158222)....