Corrected: $4M Mediated Settlement To Targus Upheld On Appeal

Law360, New York (March 9, 2010, 6:27 PM EST) -- A Massachusetts appeals court has affirmed a $4.1 million settlement for Targus Group International Inc. in the laptop accessories firm's breach of contract suit claiming Roundhouse Inc.'s founders failed to resolve claims that they inflated their company's value in selling it to Targus.

Friday's ruling, in the Massachusetts Appeals Court, affirmed a lower court's award of summary judgment to Targus on its breach of contract claim and an award of damages and interest.

According to the opinion, a group led by defendants Howard Sherman, Sean Brosmith...
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