Judge To OK $16M Deal In Hilfiger Tax Evasion Case

Law360, New York (October 10, 2008, 12:00 AM EDT) -- A $16 million deal in a securities class action against Tommy Hilfiger Corp. is likely to gain final approval after the final settlement hearing concluded Wednesday without any objections.

Judge Shira Scheindlin of the U.S. District Court for the Southern District of New York is expected to rubber-stamp the agreement soon, bringing an end to a four-year-old case in which plaintiffs accused the sportswear designer of evading taxes and making false and misleading statements to the U.S. Securities and Exchange Commission.

Under the settlement, Tommy Hilfiger...
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