Sientra (SIEN) Enters Prelim. Settlement of All Outstanding Class Action Litigation

October 28, 2016 8:38 AM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Sientra, Inc. (Nasdaq: SIEN) announced that it has reached an agreement to settle all shareholder class action litigation previously disclosed in the Company’s public filings with the Securities and Exchange Commission. The settlement, which will be memorialized in a stipulation of settlement, is subject to certain conditions, including applicable court approvals. The parties intend to file the stipulation of settlement and joint motions for preliminary approval promptly. Pursuant to the terms of the settlement, defendants will cause to be paid $10.9M (of which the Company’s D&O insurance carriers will pay $9.3M and the Company will pay $1.6M).



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Litigation

Add Your Comment