Law360 (March 20, 2009, 12:00 AM EDT) -- Plaintiffs in a proposed shareholder class action against Voyager Learning Co., formerly known as ProQuest Co., are seeking court approval for a $20 million settlement resolving claims stemming from an accounting fraud scandal from 2001 to 2006.
In a motion filed Thursday in the U.S. District Court for the Eastern District of Michigan, shareholders said the settlement provided a good recovery for the proposed class considering the risks of pursuing the litigation further.
“This settlement comes after nearly three years of litigation and extensive settlement negotiations...
Shareholders Seek OK For $20M Deal In ProQuest Suit
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