Molina Exits Securities Suit Unscathed

Law360, New York (December 12, 2006, 12:00 AM EST) -- Molina Healthcare Inc. and the lead plaintiff in a class action securities lawsuit against it have agreed to dismiss the case with prejudice, meaning it cannot be filed again.

On Monday, the PACE Industry Union-Management Pension Fund and Molina filed a joint stipulation of voluntary dismissal with the U.S. District Court in Los Angeles. As part of the agreement, no payment was made to the plaintiffs and each side will pay its own attorneys fees.

The decision came less than a month after Judge S. James...
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