Motorola, Investors Reach $200M Deal Over 3G Phone Delays

Law360, New York (February 2, 2012, 9:58 PM EST) -- Motorola Solutions Inc. on Thursday settled with a proposed class of investors for $200 million over their claims that they incurred up to $1.1 billion in earnings losses after the mobile phone giant failed to deliver its 3G handsets in 2006.

In a stipulation filed in Illinois federal court, Motorola and the plaintiff class, which includes investors who purchased Motorola stock from July 2006 to January 2007, agreed to drop their claims with prejudice after years of mediation since at least 2010, according to the settlement....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.