Case Details for "Candela Corporation"

Candela Corporation announces settlement of class action

Candela Corporation (NASDAQ: CLZR) announced today that the United States District Court for the District of Massachusetts granted final approval of the settlement of the previously-disclosed consolidated shareholder class action lawsuit brought against the Company and certain of its current and former officers and directors.

In addition, the Superior Court for Middlesex County, Massachusetts granted final approval of the settlement of the previously-disclosed derivative lawsuit brought against certain of Candela's current and former officers and directors.

Based on the final approval by both Courts and consistent with the terms of the respective settlement agreements, all claims against the Company and its current and former officers and directors have been dismissed with prejudice and without any admission of liability or wrongdoing.

Posted on:2009-06-24
Company: Candela Corporation
Class: Candela Corporation shareholders
Scope: Nationwide
Type of Case: Securities
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