The US District Court for the Southern District of New York is handling the case.
Taro Pharmaceutical Industries Ltd. (Pink Sheets: TAROF) today announced that it has reached an agreement in principle in the securities class action filed by Loretta Zwickel against the company to settle all claims asserted against all defendants in the action. The settlement is subject to the execution of definitive documentation, notice to the purported shareholder class and final approval of the settlement by the court at a hearing to be scheduled in the near future. The US District Court for the Southern District of New York is handling the case.
Published by Globes [online], Israel business news - www.globes-online.com - on April 29, 2008
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