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

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Sientra® Reaches Preliminary Settlement of Shareholder Class Action Litigation

October 28, 2016 8:30 AM EDT

SANTA BARBARA, Calif., Oct. 28, 2016 (GLOBE NEWSWIRE) -- Sientra, Inc. (NASDAQ: SIEN) (Sientra or the Company), a medical aesthetics company, today announced that it has reached an agreement to settle all shareholder class action litigation previously disclosed in the Companys 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... More