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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Latham v. Matthews et al


Case Number

6:08-cv-02995

Court

South Carolina

Nature of Suit

Securities/Commodities

Judge

J Michelle Childs

Date Filed

August 28, 2008


Case Title

Roth v. Matthews et al


Case Number

6:08-cv-03183

Court

South Carolina

Nature of Suit

Securities/Commodities

Judge

J Michelle Childs

Date Filed

September 17, 2008

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.