Judge Approves Copernic Settlement

Law360, New York (July 16, 2007, 12:00 AM EDT) -- The securities class action against search-engine maker Copernic Inc., formerly Mamma.com Inc., reached a tentative conclusion Friday to the tune of over $3 million.

A judge in the U.S. District Court for the Southern District of Manhattan entered a final judgment approving a settlement of $3,150,000 plus interest. In exchange, the plaintiffs, who bought shares of Copernic between May 2004 and February 2005, are not permitted to sue Copernic under federal securities laws in the future. Settling plaintiffs may still sue under the Employment Retirement Income...
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