We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge OKs $9.5M Deal To Settle Tile Shop Investor Suit

Law360, New York (June 15, 2017, 4:11 PM EDT) -- A Minnesota federal judge gave final approval Wednesday to Tile Shop Holdings Inc.’s $9.5 million settlement with a class of shareholders who claimed that the company misled them about its intertwined professional and personal relationships with an exporter and supplier in China.

U.S. District Judge Ann D. Montgomery said substantial expertise and diligence went into negotiating the settlement, which will head off a trial after more than two years of litigation against the specialty tile retailer, its underwriters and its top officers and directors, who have...
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.