Brief: Tactile Medical Reaches Agreement To Settle Securities Class Action Lawsuit

Tactile Systems Technology

21/11/2022 21:09

Nov 21 (Reuters) - Tactile Systems Technology Inc
 TCMD.O :
    * TACTILE MEDICAL REACHES AGREEMENT TO SETTLE SECURITIES
CLASS
ACTION LAWSUIT
    * TACTILE SYSTEMS - ENTERED INTO MOU TO SETTLE PREVIOUSLY
DISCLOSED SECURITIES CLASS ACTION LAWSUIT PENDING IN U.S.
DISTRICT COURT FOR DISTRICT OF MINNESOTA
    * TACTILE SYSTEMS TECHNOLOGY INC - COMPANY DOES NOT EXPECT
TO FUND
ANY PORTION OF CASH PAYMENTS MADE IN CONNECTION WITH SETTLEMENT.
    * TACTILE SYSTEMS TECHNOLOGY INC - SETTLEMENT DOES NOT
CONSTITUTE
AN ADMISSION OF ANY LIABILITY OR WRONGDOING BY TACTILE MEDICAL
    * TACTILE SYSTEMS - SETTLEMENT FRAMEWORK PROVIDES FOR
PAYMENT OF
OF $5.0 MILLION TO SETTLE CLAIMS BROUGHT ON BEHALF OF INVESTORS
    * TACTILE SYSTEMS TECHNOLOGY INC - COMPANY'S INSURERS ARE
FUNDING
SETTLEMENT PAYMENT TO PLAINTIFFS AND HAVE AGREED TO TERMS OF MOU

Source text for Eikon:  ID:nGNX9glFmv 
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