Signalife, Investors Seek Approval For $4M Settlement

Law360, New York (June 29, 2011, 9:51 PM EDT) -- Signalife Inc. and six of its executives sought approval Wednesday for a $4 million settlement with plaintiffs in two proposed shareholder class actions accusing the medical device maker of misleading investors about the impending launch of a wireless heart monitor.

Plaintiffs Robert A. Latham and Darryl K. Roth filed the motion asking a federal court in South Carolina for final approval of a settlement in the case, which alleged that top Signalife executives knowingly made misleading statements to investors about the release of a new heart-monitoring...
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