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...
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