Brief: Psychemedics Corp Entered Into A Binding MoU To Settle A Purported Class Action Lawsuit Against It Related To Certain California Wage And Hour Laws
10/12/2021 22:12
Dec 10 (Reuters) - Psychemedics Corp PMD.O :
* PSYCHEMEDICS CORP - ENTERED INTO A BINDING MOU TO SETTLE
A
PURPORTED CLASS ACTION LAWSUIT AGAINST IT RELATED TO CERTAIN
CALIFORNIA WAGE AND HOUR LAWS
* PSYCHEMEDICS CORP - PARTIES AGREED TO SETTLE THIS MATTER
FOR A
PAYMENT BY COMPANY OF APPROXIMATELY $1.15 MILLION IN EXCHANGE
FOR DISMISSAL OF LAWSUIT
Further company coverage: PMD.O
Recent news on Psychemedics
See all newsBrief: Psychemedics Corporation Announces Reverse and Forward Stock Split
Brief: Psychemedics' Board Approves Plan To Cease Registration Of Common Stock
Brief: Psychemedics Corporation Q1 Net Income USD -700 Thousand
Brief: Psychemedics Corporation Q3 Net Income USD -2.099 Million
Brief: Psychemedics Corp Reports First Quarter 2023 Financial Results And Declares Cash Dividend