Add
IFON to Portfolio
Set Alert
Email to a
Friend
| |||
|
|
Quotes & Info
|
| IFON > SEC Filings for IFON > Form 8-K on 11-May-2009 | All Recent SEC Filings |
11-May-2009
Other Events
Final Approval of Securities Settlement
On May 5, 2009, Judge Sammartino of the United States District Court for the Southern District of California, entered an order in In Re InfoSonics Securities Litigation, Lead Case No. 06 CV 1231, that approves the class action settlement as fair and reasonable and directs the clerk to enter final judgment and dismiss the action with prejudice. The Company's insurer previously funded the full settlement payment. The securities settlement is contingent upon final court approval of the derivative action, which the Court took under submission after an April 23, 2009 hearing regarding final approval of the derivative action.
The foregoing description of the Court's final approval order is qualified in its entirety by reference to the full text of the Final Judgment and Order of Dismissal With Prejudice, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1.
Ex. 99.1 Final Judgment and Order of Dismissal With Prejudice
|
|