Judge Grants Final Approval Of $42.5M Securities Class Action Settlement

Mealey's (January 26, 2016, 10:38 AM EST) -- CHICAGO — A federal judge in Illinois on Jan. 22 granted final approval of a $42.5 million settlement in a securities class action lawsuit regarding certain false and misleading statements made by a medical device maker and certain of its executive officers and directors regarding the demand of certain of its products in violation of federal securities laws (City of Lakeland Employees’ Pension Plan v. Baxter International Inc., No. 10-6016, N.D. Ill.).

(Final judgment approving settlement available. Document #57-160216-008X.)

U.S. Judge John J. Tharp Jr. of...
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