Judge Grants Preliminary Approval Of $28.5M Settlement In IPO Suit

Mealey's (October 12, 2017, 1:21 PM EDT) -- NEW YORK — A federal judge in New York on Oct. 11 granted preliminary approval of a $28.5 million securities class action settlement between shareholders and a global eCommerce company and others, ruling that the proposed settlement offer is fair, reasonable and adequate (In re Cnova N.V. Securities Litigation, No. 16-444, S.D. N.Y.)....