Dynacq Healthcare Inc. announced that it resolved the shareholder class action lawsuit pending against it for $1.5 million including administrative costs, class attorneys' fees as well as the payout to the class.
The company stated that it would pay $100,000 within 30 days of final approval of the settlement by the court and the balance in 36 equal monthly interest.
The lawsuit was filed against Dynacq and certain current and former officers and directors for providing materially misleading financial statements.
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