Judge OK's $5M Amerigroup Settlement

Law360, New York (February 8, 2007, 12:00 AM EST) -- A district court judge approved a $5 million settlement Monday in a class action securities suit stockholders filed against managed health care company Amerigroup Corp.

Judge Henry C. Morgan Jr. of the U.S. District Court for the Eastern District of Virginia approved the settlement, which the health care company had reached with a group of representative plaintiffs earlier this year.

Under the settlement terms, the plaintiffs agreed to dismiss all the claims against Amerigroup without the Virginia-based company admitting any guilt. Amerigroup announced the settlement in...
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