California Federal Judge Approves $38M Settlement Of Shareholders' Suit

California Federal Judge Approves $38M Settlement Of Shareholders' Suit

SAN FRANCISCO - A federal judge in California on April 23 approved a $38 million settlement of a shareholder suit against a company and certain of its directors and officers, finding it fair, reasonable and adequate (In re Cadence Design Systems, Inc. Securities and Derivative Litigation, No. 08-cv-04966, N.D. Calif.; 2012 U.S. Dist. LEXIS 56785).

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