Preliminary Approval Of $50M Settlement Sought In Securities Class Action

Mealey's (April 16, 2020, 8:04 AM EDT) -- SOUTH BEND, Ind. — Shareholders in a securities class action against medical device manufacturer Zimmer Biomet Holdings Inc. (ZBH), certain of its executive officers and directors and others ask a federal judge in Indiana in an April 14 motion to grant preliminary approval of a $50 million settlement, arguing that the settlement has met all statutory requirements for approval (Rajesh M. Shah, et al. v. Zimmer Biomet Holdings Inc., et al., No. 16-815, N.D. Ind.)....