LAWSUITS NEWS & LEGAL INFORMATION
GT Solar Reaches $10.5 Million IPO Settlement
This is a settlement for the Securities/Stock Fraud lawsuit.
New York, NY: A settlement agreement has been reached with GT Solar International Inc, involving two putative securities class-action lawsuits related to the company's initial public offering on July 24, 2008.
Under the terms of the proposed settlement GT Solar will pay $10.5 million into a fund. The $10 million will be made up by ca $1 million contribution by the company while liability insurers make up the remaining $9.5 million.
Published on Mar-7-11
Under the terms of the proposed settlement GT Solar will pay $10.5 million into a fund. The $10 million will be made up by ca $1 million contribution by the company while liability insurers make up the remaining $9.5 million.
Legal Help
If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.Published on Mar-7-11
READ MORE Business Settlements and Legal News
READ MORE Financial Settlements and Legal News
READ MORE Securities Settlements and Legal News