Bradley Pharma Settles Securities Suit For $3.5M

Law360, New York (January 7, 2009, 12:00 AM EST) -- Shareholders of the former Bradley Pharmaceuticals Inc. have asked a federal judge to approve a $3.5 million settlement that closes the book on securities litigation that began in 2005.

According to the settlement motion, filed Dec. 31 in the U.S. District Court for the District of New Jersey, negotiations on the settlement began when Bradley and the class agreed to mediation in June 2007.

“The proposed settlement is the product of settlement negotiations that spanned over the course of one year and involved direct negotiations between...
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