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ELN » Topics » Legal settlement

This excerpt taken from the ELN 6-K filed Mar 30, 2009.
Legal settlement
 
The legal settlement of $4.7 million, net of insurance coverage, in 2008 relates to several shareholder class action lawsuits, commencing in 1999 against Dura Pharmaceuticals, Inc., one of our subsidiaries, and various then-current or former officers of Dura. The actions, which alleged violations of the U.S. federal securities laws, were consolidated and sought damages on behalf of a class of shareholders who purchased Dura common shares during a defined period. A preliminary settlement agreement has been entered into with respect to this matter. The settlement is subject to finalisation by the parties and to approval by the court.
 
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