Aerosonic Corp. Settles A Class Action Lawsuit for $5.4-Million
Aerosonic Corp. said will pay $800,000 of the $5.4-million settlement, with the rest paid by its insurance carrier and former auditor to settle class-action lawsuits filed after company officials were accused of inflating financial results to boost its stock price
The stock price of the Clearwater aircraft instrument maker plunged after the company restated earnings in March 2003.
Filed under Class Action, General Law, Settlements
You may also like to read
- Federal court settles Oriented Strand Board class action lawsuit
- $250 Million Adelphia settlement by 39 Financial Institutions
- $7.6 Million Class Action Lawsuit Settlement Judgement Against Visteon Corp.
- $1.9 Million Class Action Lawsuit Settlement by Ibis Technology Corp.
- $330 Million Katrina Class Action Lawsuit Settlement by Murphy Oil Corp.
- Carnival Corp. Agreed to Settle Class Action Lawsuit for $6.25 Million
- Security Class Action Lawsuit Settles for $7 Million
- $93 Million Class Action Lawsuit Settlement by Cigna Corp
- $14 Million Two Purported Class Action Lawsuits Settlement by Boston Market Corp.
- Five Class Action Lawsuits Settled for $1 Million
