Securities,
Civil Litigation
Nov. 21, 2018
Judge approves $19M settlement in securities safe harbor litigation
The deal ends a five-year battle over the Private Securities Litigation Reform Act that was before the U.S. Supreme Court.
A securities class action against Irvine-based Quality Systems Inc. that was initially dismissed by a trial judge has settled for $19 million.
The parties agreed to the settlement, dropping a U.S. Supreme Court writ petition focused on the scope of Private Securities Litigation Reform Act's safe-harbor provision.
Robbins Geller Rudman & Dowd LLP and Bernstein Litowitz Berger & Grossmann LLP...
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