Syntax Shareholders To Get $10M In Fraud Action

By Allison Grande

Law360, New York (February 19, 2010, 5:17 PM ET) -- A federal judge has given final approval to a $10 million settlement in a securities fraud class action accusing officials at bankrupt Syntax-Brillian Corp. of concealing problems at the once-successful television maker.

Judge Frederick J. Martone of the U.S. District Court for the District of Arizona on Thursday entered a final judgment dismissing claims brought under the Securities Exchange Act of 1934 with prejudice and approving the shareholders' allocation of settlement proceeds to a class of all persons and entities that acquired Syntax securities between Feb....
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