Final approval of a settlement has been granted in Monson v. Friedman, et al., Case No. 14-cv-01477 (N.D. Ohio 2014).

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Published July 28, 2015

Serving as Lead Counsel in Monson v. Friedman, et al., Levi & Korsinsky received final approval of a settlement providing for the recession of 63,714 stock options that had been granted to the company’s chairman, president and CEO in excess of the company’s shareholder-approved equity compensation plan, a twelve-month moratorium on stock option grants to the company’s chairman, president and CEO, and other significant corporate governance reforms, including the creation of a committee of independent directors to review the company’s equity based compensation practices. The Stipulation of Settlement and Notice to Class Members can be viewed here. The Stipulation of Settlement Notice of Class Members