Tuesday September 4, 4:47 pm Eastern Time
Press Release
SOURCE: Kaplan Fox & Kilsheimer, LLP
Kaplan Fox Announces $48 Million Macromedia Securities Class Action Settlement
SAN FRANCISCO, Sept. 4 /PRNewswire/ -- Kaplan Fox & Kilsheimer, LLP today announced that a memorandum of understanding between defendants and lead plaintiffs to settle securities class action litigation pending in state court in California against Macromedia and certain of its former officers and directors has been signed.
Subject to court approval, the settlement is for $48 million in cash, plus accruing interest. Under its terms, the claims against Macromedia and all other defendants will be dismissed.
``This settlement ends four years of hard-fought litigation. We are very pleased with this result,'' said Jonathan K. Levine of Kaplan Fox one of the plaintiffs' co-lead counsel.
With offices in New York, San Francisco, Chicago and New Jersey, Kaplan Fox & Kilsheimer, LLP, is engaged in the business of providing superior representation of investors, businesses, consumers, and others victimized by fraud, price-fixing, and other unlawful business practices. The firm also has expertise in general litigation, real estate, and trusts and estates. For more information, please go to the Firm's Web site at kaplanfox.com .
SOURCE: Kaplan Fox & Kilsheimer, LLP
biz.yahoo.com |
