By Craig Clough (September 14, 2021, 9:08 PM EDT) -- Two Performance Sports Group executives and investors led by the Plumbers & Pipefitters National Pension Fund reached a settlement in a proposed class action accusing the execs of misleading shareholders about sketchy sales tactics that bankrupted the sports gear manufacturer, the fund told a New York federal judge Tuesday.
The agreement was reached out of court, and details of the settlement were not publicly available, but counsel for the fund informed the court in a letter they are "working together to prepare the documentation necessary to effectuate the settlement" and requesting a stay in all deadlines in the case.
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